Canada has imposed a new round of sanctions against Russia, aiming to further restrict its ability to finance the ongoing war in Ukraine. The sanctions target entities involved in Russia’s “shadow fleet” used to circumvent existing oil price caps, as well as its energy revenues, defence industry, and disinformation campaigns. Prime Minister Mark Carney announced the measures, indicating a continued commitment to pressure Russia economically. These new restrictions seek to limit Russia’s access to critical resources and technologies supporting its military operations. Canada intends the sanctions to disrupt Russia’s capacity to wage war and spread false narratives. The government stated it will continue to collaborate with allies to maximize the impact of these measures. These actions build upon existing sanctions already in place against Russia following its invasion of Ukraine.
