On August 2, 2022, Canada announced additional amendments to its sanctions measures imposed against Russia. These amendments have designated an additional forty-three individuals under Schedule 1, which include some individuals identified by the Government of Canada “as military officials involved in the Bucha massacre”. As well, Canada designated an additional seventeen defence sector entities considered by the Government of Canada to be directly or indirectly supporting the Russian military. Please note that these amendments came into force on July 29, 2022.
Generally speaking, the designation under Schedule 1 imposes an asset freeze and dealings prohibition, subject to limited exceptions, which prohibits any person in Canada or any Canadian outside Canada to:
- deal in any property, wherever situated, that is owned, held or controlled by or on behalf of a designated person whose name is listed in Schedule 1;
- enter into or facilitate, directly or indirectly, any transaction related to such a dealing;
- provide any financial or other related services in respect of such a dealing;
- make available any goods, wherever situated, to a designated person listed in Schedule 1 or to a person acting on their behalf; or
- provide any financial or related service to, or for the benefit of, a designated person listed in Schedule 1.
Due to ongoing developments in the region, Canada may announce and implement further measures in alignment with its allies in the coming days. We will publish additional articles as measures are announced.
An unofficial copy of the legislative amendments to the Special Economic Measures (Russia) Regulations that came into effect on July 29, 2022 are available on Global Affairs’ website at here.