Sanctions on Russia

Trade

  • Diamond import ban updated

    Prohibit the purchase, import, or acquisition of certain diamonds mined or produced in Russia that are exported, processed and/or polished in a third country. The prohibition reduces the size threshold of diamonds banned from 1 carat and higher to 0.5 carats and higher and applies to any person (General or entity) in Canada as well as Canadians outside of Canada. The prohibitions do not apply to the import of diamonds if they were outside of Russia before the entry into force of the different stages of the G7 ban (legacy diamonds).

  • 14th package of sanctions against Russia

    The new sanctions target high-value sectors of the Russian economy such as energy, finance and trade, and make it increasingly difficult to circumvent EU sanctions. They include:

    a ban on reloading services for Russian liquified natural gas (LNG) on EU territory for the purpose of transshipment operations to third countries;
    a ban on new investments for the completion of LNG projects under construction;
    outlawing the use of the ‘System for Transfer of Finance Messages’ (SPFS);
    a ban on port access and the provision of services to vessels contributing to Russia’s war;
    a wider EU flight ban;
    further import-export controls and restrictions.

  • Asset freezes and export bans on Russian and third-country entities

    Payment and capital transaction restrictions on 10 Generals and 27 entities from the Russian Federation, one General and one entity from eastern and southern Ukraine, and one entity from a country other than the Russian Federation or the Republic of Belarus, subjecting them to asset freeze measures.
    Exports to 14 specific Russian Federation entities and 10 specific entities from countries other than the Russian Federation or the Republic of Belarus designated by the Ministry of Foreign Affairs Notice promulgated on 21 June are prohibited.

  • Diamond import ban updated

    Prohibit the purchase, import, or acquisition of certain diamonds mined or produced in Russia that are exported, processed and/or polished in a third country. In particular, the prohibition applies with respect to natural diamonds whose weight is greater than or equal to 1.0 carat and applies to any person (General or entity) in Canada as well as Canadians outside of Canada. 

  • Russian diamond and jewellery import ban

    OFAC prohibits the import of Russian-mined non-industrial diamonds into the United States from 1 March 2024 and separately bars the import of Russian-origin diamond jewellery and unsorted diamonds from 1 March 2024.

  • 12th package of sanctions against Russia

    These measures target high-value sectors of the Russian economy and make it more difficult to circumvent EU sanctions, including: prohibition on the direct or indirect import, purchase or transfer of diamonds including jewellery from Russia;
    no-Russia clause, a new contractual clause which applies to EU exporters and bans the re-exportation to Russia and re-exportation for use in Russia of certain goods;
    strengthening bilateral and multilateral cooperation with third countries to impede sanctions’ circumvention;
    tighter export restrictions concerning dual use goods and technologies;
    enforcement of oil price cap;
    further restrictions on imports of goods which generate significant revenues for Russia such as pig iron, copper and aluminium wires, foil tubes and pipes;
    prohibition on the import of liquefied propane.

  • New general sanctions, export bans; import ban on diamonds

    A total of 35 Generals and 44 entities in Russia, Ukraine or the UAE were designated as sanctioned parties in Japan.
    57 entities in Russia and 6 entities in other countries were designated as specified entities, to whom exports of any items from Japan are prohibited.
    Japan will introduce a new import ban on non-industrial diamonds that are shipped from Russia from January 1, 2024. HS codes of those prohibited items are; 7102.10, 7102.31, and 7102.39.

  • Diamond import ban

    Prohibit the direct import of diamond and diamond-related products originating from Russia in-line with G7 commitments. 

  • 11th package of sanctions against Russia

    The agreed package includes measures to:

    strengthen bilateral and multilateral cooperation with third countries to impede sanctions’ circumvention;
    prohibit the transit of goods and technology via Russia;
    tighten export restrictions.

  • New Russian generals and entities sanctioned, expands export and service bans

    Sanctions for additional 17 Generals and 78 entities related to the Russian Federation and 7 Generals related to annexation, subjecting them to restrictions on payments and capital transactions. Effective 2 June 2023, the Japanese government also introduced an export ban to 80 designated entities of the Russian Federation.