MONTREAL — Foreign Affairs Minister Mélanie Joly announced on Saturday that Canada intends to impose new sanctions on Russia. Industrial manufacturing adds to existing measures on the oil, gas and chemicals sectors.
These new measures will prohibit Canadian services from contributing to the production of goods manufactured by these sectors.
“The new sanctions will apply to land and pipeline transportation as well as the manufacturing of metals and transportation, computer, electronic and electrical equipment, and machinery,” said a statement from Global Affairs Canada.
Canadian companies will have 60 days to enter into contracts with the targeted industries.
The oil, gas, chemicals and manufacturing sectors account for more than 50% of Russia’s federal budget revenue. These sums are used in particular to wage the war in Ukraine.
Global Affairs Canada said it hopes to “deplete President Vladimir Putin’s war chest and further limit Russia’s ability to wage war.”
“Putin’s unjustifiable war has affected millions of people in Ukraine and around the world. That is why we will continue to target the coffers of the Russian regime. Canada will not relax its pressure on the Russian regime,” said Mélanie Joly in a press release.
These sanctions are an extension of those already in place, including the sanctions announced Friday by Minister Joly at the G20 meeting in Bali, Indonesia.
These measures affected among others the Russian media industry as well as the head of the Russian Orthodox Church, Vladimir Mikhailovich Gundyayev, who spoke in favor of the war.
Since Russia’s invasion of Ukraine, Canada has imposed sanctions on more than 1,150 individuals and organizations linked to Russia, Ukraine and Belarus.
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