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Canada: Canada Announces New Sanctions in Response to Russia’s Recognition of the So-Called Donetsk People’s Republic and Luhansk People’s Republic

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In response to Russia’s recognition of the so-called Donetsk People’s Republic (“DPR”) and Luhansk People’s Republic (“LPR”) on February 21, 2022, Canada has announced the imposition of new sanctions measures. Although detailed legislation regarding the new measures is not yet available, Prime Minister Justin Trudeau announced that the sanctions measures will:

  • Impose restrictions on members of the Russian State Duma who voted in favour of the decision to recognize the independence of the two regions within Ukraine;
  • Prohibit all financial dealings with the so-called independent states of DPR and LPR;
  • Introduce new prohibitions on purchasing Russian sovereign debt; and
  • Impose sanctions on two state-backed Russian banks.

Canada appears to be implementing sanctions measures in line with those announced by the United States and the European Union. Once the text of the sanctions legislation is available, we will publish an article providing further details.

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Paul Burns has over 35 years of experience advising clients on all aspects of international trade and commodity tax, including significant experience advising on Canadian customs and export control matters. Paul obtained his LL.B. from the University of Western Ontario. For many years, he served as the practice group coordinator of the International Commercial Practice Group in Baker McKenzie's Toronto office.

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Brian Cacic assists clients on all substantive Canadian customs, trade sanctions and export controls issues, including complex customs valuation, tariff classification, rules of origin, marking, remissions and drawbacks. He assists clients to develop and implement effective customs and trade compliance programs, and he regularly conducts internal compliance reviews, prepares voluntary disclosures, and represents clients in Canadian customs compliance audits and enforcement actions. He also provides trade compliance and regulatory advice in connection with corporate restructurings, mergers and acquisitions, and advises clients on trade-related legislative matters.

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