Canada has amended the Special Economic Measures (Russia) Regulations in order to impose a prohibition on providing new debt and equity financing to Gazprombank OAO and VEB, and a prohibition on providing new debt financing to OAO Novatek. Debt financing is defined as a loan, bond or debenture, of longer than 90 days’ maturity. Equity financing is defined as capital funding through the transaction of shares in exchange for an ownership interest.
Canada has also designated the following seven entities, all of which are linked to Russia’s arms industry: Almaz-Antey, Federal State Unitary Enterprise State Research and Production Enterprise Bazalt, JSC Concern Sozvezdie, JSC MIC NPO Mashinostroyenia, Kalashnikov Concern, KBP Instrument Design Bureau and Radio-Electronic Technologies. These entities are now subject to an asset freeze.
Canada has also amended the Special Economic Measures (Ukraine) Regulations in order to add eight individuals and two entities, all of whom are now subject to an asset freeze. The individuals are Vladimir Antyufeyev, Marat Bashirov, Alexsandr Yurivich Borodai, Yuriy Ivakin, Alexandr Alexsandrovich Kalyussky, Aleksey Karyakin, Alexandr Khryakov and Vasyl Nikitin. The entities are Donetsk People’s Republic and Luhansk People’s Republic.