On 6 August, Canada amended the Special Economic Measures (Russia) Regulations in order to add 19 individuals and 22 entities to its Russian and Ukrainian sanctions lists.
Russian Sanctions List
The following 14 individuals are now subject to an asset freeze and travel ban, including Ramzan Akhmadovich Kadryov, president of the Republic of Chechyna, and Nikolay Terentievich Shamalov, CEO and majority shareholder of Bank Rossiya:
(1)Sergei Orestovoch Beseda; (2) Aleksandr Vasilievich Bortnikov; (3) Mikhail Vladimirovich Degtyarev; (4) Mikhail Efimovich Fradkov; (5) Boris Vyacheslavovich Gryzlov; (6) Ramzan Akhmadovitch Kadyrov; (7) Vladimir Georgyevich Kulishov; (8) Rashid Gumarovich Nurgaliev; (9) Nikolai Platonovich Patrushev; (10) Igor Shchegolev; (11) Alexander Nikolayevich Tkachyov; (12) Valerii Yuriovych Travkin; (13) Nikolay Terentievich Shamalov; and (14) Konstantin Valerevich Malofeev.
The following six entities are now subject to an asset freeze: (1) United Shipbuilding Corporation;(1)Dobrolet (also known as Dobrolyot); (3) Russian National Commercial Bank; (4); VTB Bank OAO; (5) Bank of Moscow; and (6) Russian Agricultural Bank (Rosselkhozbank).
The latter three entities were designated as part of the prohibition on providing new debt and equity financing. 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. Gazprombank OAO, VEB and OAO Novatek have already been designated under these prohibitions.
Ukrainian Sanctions List
The following five individuals are now subject to an asset freeze and travel ban, including Sergey Abisov, “Minister of the Interior of the Republic of Crimea”: (1) Pavel Yurevich Gubarev; (2) Ekaterina Yurevna Gubareva; (3) Oksana Tchigrina; (4) Boris Litvinov; and (5) Sergey Abisov.
The following 16 entities are now subject to an asset freeze:
(1) Federal State of Novorossiya; (2) International Union of Public Associations “Great Don Army”; (3) Sobol; (4) Luhansk Guard; (5) Army of the Southeast; (6) Donbass People’s Militia; (7) Vostok battalion; (8) Kerch ferry; (9) Sevastopol commercial seaport; (10) Kerch commercial seaport; (11) Universal-Avia; (12) Resort “Nizhnyaya Oreanda”; (13) Azov distillery plant; (14) National Association of producers “Massandra”; (15) Magarach of the national institute of wine; and (16) Factory of sparkling wine Novy Svet.