On November 9, during a meeting of G7 foreign ministers in Paris, Canadian Minister of Foreign Affairs Anita Anand announced that Canada is imposing a new round of sanctions against Russia. This latest measure includes the addition of 38 entities and 24 individuals, aimed at further restricting Russia’s military capabilities and increasing the economic costs of its ongoing war efforts.
According to the Canadian Department of Global Affairs, the new sanctions specifically target Russia’s defense industrial system, encompassing individuals and organizations involved in the development of ballistic missile technology and various cyber activities. The primary goal of these sanctions is to limit Russia’s ability to attack civilian targets in Ukraine.
Moreover, the sanctions extend to financial intermediary institutions that assist Russia in maintaining its wartime economy, including cryptocurrency trading platforms. This approach is intended to raise the economic costs associated with Russia’s continued military operations in Ukraine.
Minister Anand emphasized Canada’s commitment to taking further actions to undermine Russia’s capacity to conduct missile strikes against Ukrainian cities while continuously providing support to Ukraine during this critical time.
The Canadian government noted that since 2014, it has imposed sanctions on more than 3,500 individuals and entities linked to violations of Ukrainian sovereignty and territorial integrity, as well as serious and systematic human rights abuses. In addition, over 700 vessels have also been included in the scope of sanctions.
Through these ongoing efforts, Canada aims to stand firmly beside Ukraine in its fight against aggression and to demonstrate its unwavering support for international law and human rights.