The Canadian government expanded sanctions against designated Russian persons last week, including by adding additional designated persons to the previous list and adding two new schedules of designated persons who are considered to be controlled by persons engaged in activities that facilitate a violation of the sovereignty of Ukraine or a former or current senior official of the Russian government.
The regulations now prohibit, among other things, Canadians and persons in Canada from providing or dealing in new debt and equity financings with certain designated persons, or in respect of the property of such designated persons. For an overview of Russia sanctions to date, see the website of Foreign Affairs, Trade and Development Canada.
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