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Update on Canada's Economic Sanctions Against Ukraine and Russia

July 25, 2014

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On July 24, 2014, Canada amended the Special Economic Measures (Ukraine) Regulations and Special Economic Measures (Russia) Regulations to expand the list of "designated persons" with whom Canadians are prohibited from engaging in business and financial dealings. The sanctions were also amended to prohibit new debt and equity financing transactions with designated entities in Russia.

The newly sanctioned individuals and entities are as follows:

Ukrainian Entities and Individuals

Russian Entities

Canada's amendments largely correspond to the latest round of U.S. sanctions that were announced on July 19, 2014.

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