Canada is going after Russia‘s energy sector, as it imposed additional economic measures Wednesday against Moscow over its invasion of Ukraine.
In a statement, Global Affairs Canada said that the federal government was imposing restrictions on 10 key individuals from two important companies in Russia’s energy sector, Rosneft and Gazprom. “These measures are intended to put further pressure on Russia’s leadership to cease its violations of Ukraine’s sovereignty and territorial integrity,” GAC said. “The sanctions are expected to be in effect in the coming days through orders made,” the statement added. Read more: ‘Everything on the table’: Joly says Canada will do more to ‘suffocate’ Russia The new measures announced Wednesday add to a string of wide-ranging sanctions imposed by Canada and its Western allies against the Kremlin since its troops rolled into neighbouring Ukraine a week ago.
On Tuesday, Deputy Prime Minister Chrystia Freeland had warned that additional economic measures against Russia were coming.
The deputy prime minister and finance minister had also said that the federal government was examining the holdings of all Russian oligarchs and companies inside Canada, adding that “everything is on the table.” Western backlash against Russia has grown in recent days with countries slapping Moscow with sanctions that have targeted Russian banks and individuals, including President Vladimir Putin and Foreign Minister Sergey Lavrov.