canada-punishes-more-oligarchs,-bans-luxury-goods-alternate-with-russia

Canada added 14 more Russian oligarchs and other pals of President Vladimir Putin to its sanctions checklist Friday, while moreover asserting a ban on alternate in luxury goods with Moscow over the invasion of Ukraine.

The ban aligns with identical measures imposed by its allies such because the US and the European Union, and “will abet to mitigate the functionality for Russian oligarchs to avoid restrictions in other luxury goods markets,” the authorities said.

It covers Canadian exports of alcoholic drinks, tobacco, some textile merchandise and sports clothing, sneakers, luxury clothing and tools, jewelry, kitchenware, and art, as successfully as imports from Russia of alcoholic drinks, seafood, fish and diamonds.

These represented CA$76 million ($59 million) price of products in 2021, per alternate figures.

The authorities moreover announced sanctions against Russian oligarchs and their relatives and conclude pals of Putin, and restrictions on exports to Russia of “goods that is more seemingly to be former within the production and originate of weapons.”

Canada has slapped sanctions on larger than 1,000 other folks and entities from Russia, Belarus and Ukraine since Moscow’s invasion of Ukraine started on February 24.

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