Auctions allowed for bankrupt real estate under the control of foreign persons from unfriendly countries.
General
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Deferral of insurance premiums for selected sectors
Manufacturers of soaps, detergents, cleaning and polishing products, cosmetics and perfumes will receive a one-year deferral on the payment of insurance premiums
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Duty deferrals and interest-free installments for key enterprises
Monotown enterprises supported to enhance economic stability in Member States are granted deferrals or installment plans for import customs duties, without interest charges.
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Generous advances in public procurement
Companies participating in public procurement will be able to receive up to 90% of the contract price as an advance in 2022.
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Individual designations, third countries, expanded banned goods list
Asset freezes targeting 11 Russian individuals, 29 entities, and 3 banks.
Prohibited exports to 22 Russian military-related entities and 31 entities in third countries (e.g., China, Turkey, UAE) suspected of facilitating sanctions evasion.
Banned 335 goods that could strengthen Russia’s industrial base, such as engines, audio equipment, and tools. -
Shadow fleet vessels and individual designations
Designated 44 entities and 32 individuals, both Russian and non-Russian, supporting Russia’s military-industrial complex or involved in the unlawful deportation of Ukrainian children. Added 109 vessels associated with Russia’s shadow fleet to the sanctions list.
Expanded bans on goods used in weapons manufacturing and prohibiting contracts with certain ships. -
Shadow fleet vessels and individual designations
Shadow fleet vessels and individual designations.
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Sanctioning Russia Act (Proposed)
Imposition of a 500% tariff on countries purchasing Russian-origin energy products.
Expanded sanctions targeting Russia’s banking and energy sectors.
Authorization to use frozen Russian assets for military financing to Ukraine. -
17th package of sanctions against Russia
Further restrictions on Russia’s shadow fleet to prevent circumvention of oil export bans.
Sanctions on entities in third countries (e.g., UAE, Turkey, Hong Kong) facilitating Russia’s oil trade.
Asset freezes and travel bans on additional Russian officials and companies. -
Shadow fleet sanctions, asset freezes and dealings ban
Update of the Restricted Goods and Technologies List to align with similar measures implemented by the European Union, the United Kingdom and the United States. Canada is also taking action against Russia’s ‘Shadow Fleet’ by sanctioning 109 vessels based on their involvement in transporting property and goods for the benefit of Russia or persons in Russia. The list includes 92 oil tankers involved in transferring Russian oil to third countries, 9 liquefied natural gas (LNG) tankers involved in transferring Russian LNG to third countries, and 8 vessels involved in moving arms and related material to Russia from Iran and North Korea.