Canada has announced a new package of sanctions against Russia aimed at limiting the production of ballistic missiles, the activities of the defense industry, and the financial mechanisms that support the Russian war economy. The restrictions also target cryptocurrency exchanges and structures involved in circumventing international sanctions.
The Ministry of Foreign Affairs of Canada reported this on November 9. The decision was announced by the head of the department, Anita Anand, on the sidelines of the G7 foreign ministers' meeting in Paris.
38 organizations and 24 individuals have been added to the Canadian sanctions list. The new restrictions are imposed in accordance with Canadian legislation on special economic measures against Russia.
One of the main directions of the sanctions package is enterprises and individuals involved in the development of Russian missile technologies, including ballistic missiles. Participants in Russia's activities in cyberspace have also been subject to restrictions.
The Canadian government explained that the goal of the new measures is to weaken the capabilities of the Russian military-industrial complex and complicate the production of weapons that Russia uses for strikes on Ukraine.
A separate part of the sanctions is aimed at financial intermediaries, including cryptocurrency exchanges, which, according to Ottawa's assessment, help support the Russian war economy.
Canadian authorities emphasize that Russia continues to use sanction evasion networks to support its military operations. The new restrictions are intended to increase Moscow's economic costs and complicate access to financial resources.
At the same time, the published press release does not provide a complete list of sanctioned organizations and individuals, nor does it name specific cryptocurrency platforms.
Minister of Foreign Affairs of Canada Anita Anand stated that the new package should weaken Russia's ability to launch missile strikes on Ukrainian cities.
"Canada is taking steps to undermine Putin's ability to attack Ukrainian cities with missiles", she emphasized.
According to Anand, Ottawa will continue to increase pressure on Russia until the aggression ceases and there is respect for the sovereignty and territorial integrity of Ukraine.
In total, since 2014, Canada has imposed sanctions on more than 3,500 individuals and legal entities, as well as more than 700 vessels. The restrictions apply to entities that Canadian authorities associate with violations of Ukraine's sovereignty and systematic human rights violations.
Ottawa emphasizes that it will continue to coordinate sanction policy with allies and international partners. One of the priorities remains restricting the activities of structures that supply the Russian defense industry with technology and financing.
Based on materials from: Ministry of Foreign Affairs of Canada
