Canada imposes new sanctions on Russia
(Date of publication: March 5th, 2025)
During his participation in the Securing Our Future Summit in London, Canadian Prime Minister Trudeau announced a New Set of Sanctions against 10 Individuals and 21 Entities, including nine leaders of Russian paramilitary groups, one member of the affiliated senior Russian military leadership, nine paramilitary organizations operating in Ukraine and in the Kremlin’s Africa-network, and 12 affiliated organizations responsible for resource extraction within this network.
Hosted by UK Prime Minister Starmer, the summit gathered Euro-Atlantic and NATO leaders to strengthen collective security and affirm unwavering support for Ukraine in the face of Russia’s ongoing military aggression.
With these new sanctions, Canada has now imposed restrictions on over 3000 individuals and entities complicit in Russia’s aggression.
Conclusion
As the situation in Ukraine continues to evolve, these sanctions are part of a broader global strategy to apply pressure on Russia and mitigate its aggressive actions. With this, Canada has assured its continued commitment to supporting Ukraine by providing the necessary military, economic, and humanitarian assistance.
The businesses must carefully assess their transactions, partnerships, and supply chains to ensure they are not engaging with individuals, entities, or organizations subject to these sanctions.
These changes have been updated in ONESOURCE Global Trade Content.
For more information on how ONESOURCE Global Trade solutions can assist you in managing restricted party screening, please contact your Account Manager or Customer Success Manager.