Sanctions on Russia

Trade

  • 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.

  • 15th package of sanctions against Russia: shadow fleet

    Measures adopted include:
    sanctions against 54 Generals and 30 entities;
    ban on port access and the provision of services related to maritime transport for a further 52 vessels that are part of Putin’s shadow fleet;
    export restrictions on dual use goods and technologies for 32 new entities, some located in third countries;
    ban on the recognition or enforcement in the EU of rulings issued by Russian courts based on Article 248 of the Arbitration Procedure Code of the Russian Federation;
    a derogation allowing the release of cash balances held by EU central securities depositories;
    extension of the deadlines applicable to certain derogations required for divestments from Russia.

  • 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.