On March 17, 2014, the Canadian Government announced
that it intended to impose economic sanctions against Ukraine
through the Special Economic Measures (Ukraine) Regulations (the "Ukraine Regulations"). The
Ukraine Regulations impose an asset freeze on a list of designated
On April 12, 2014 the list of designated individuals was
expanded from 9 to 11. Those designated persons are:
Serhiy Valeriyovich AKSYONOV
Volodymyr Andriyovych KONSTANTYNOV
Viktor Volodymyrovich MEDVEDCHUK
Rustam Ilmirovich TEMIRGALIEV
Deniz Valentinovich BEREZOVSKIY
Aleksei Mikhailovich CHALIY
Pyotr Anatoliyovych ZIMA
Sergey Pavlovych TSEKOV
The April 12, 2014 amendments also expanded application of the
Ukraine Regulations to a designated entity, Chernomorneftegaz.
Chernomorneftegaz is a gas company based in the Crimean region.
The Ukraine Regulations prohibit persons in Canada and Canadians
Dealing in any property held by or on behalf of a designated
person, or facilitating or providing financial or other related
services in respect of such a dealing;
Making any goods available to a designated person or entity;
Providing any financial or related services to or for the
benefit of a designated person.
"Causing, assisting, or promoting" these prohibited
activities is also not permitted. There are some exceptions,
including the following:
Payments made by or on behalf of designated persons pursuant to
contracts entered to before their designation, provided the payment
is not for their benefit;
Pension payments to any person in Canada or Canadian
Certain transactions in respect of diplomatic missions;
Transactions to UN agencies, the International Red Cross and
Red Crescent Movement, and Canadian NGOs in certain
Transactions necessary for a Canadian to transfer to a
non-designated person any accounts, funds or investments held by a
designated person when that person became a designated person;
Financial services required in order for a designated person to
obtain certain legal services in Canada; and
Payments to any person in Canada or any Canadian abroad in
respect of loans entered into prior to March 17, 2014.
It is worth noting that the Minister of Foreign Affairs does
have the power to issue to any person in Canada or a Canadian
abroad a permit to carry out any of the activities or transactions
that are currently restricted or prohibited by way of the Ukraine
Those conducting business in Ukraine, or with Ukrainian business
partners outside of Ukraine, may wish to consider implementing
incremental processes and procedures to ensure compliance with
these new Canadian laws. The economic sanctions imposed on Ukraine
have rapidly evolved and ongoing vigilance with respect to
developments is the prudent course.
While that agreement mandated export measures on Canadian softwood lumber exports destined for the United States, it also protected those lumber exports from the potential imposition of onerous import measures by the U.S.
On September 29, 2016, the Supreme Court of Canada issued its first tariff classification decision since Canada signed the International Convention on the Harmonized Commodity Description and Coding System in 1998.
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