Justin Trudeau Imposes Additional Sanctions on Russia Over Ukraine

Canada’s federal government has imposed additional sanctions on Russia, in response to the full-scale invasion of Ukraine.

On Thursday, Canadian Prime Minister Justin Trudeau announced further sanctions against Russia, this time cancelling existing export permits and halting the issuance of new ones to the eastern European country, as G7 members escalate their reprisal of Russian President Vladimir Putin’s assault on Ukraine. The new sanctions will also target 58 prominent Russian individuals including the ministers of justice, defence, and finance, as well various entities including banks.

“These sanctions are wide reaching, they will impose severe costs on complicit Russian elites, and they will limit President Putin’s ability to continue funding this unjustified invasion,” said Trudeau, referring to an earlier meeting with G7 leaders.

In addition, the Liberal government will also focus on expediting immigration applications for Ukrainian citizens looking to seek refuge in Canada, while arranging safe modes of transportation out of the eastern European country for Canadian citizens and permanent residents.


Information for this briefing was found via the Government of Canada. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Why the Market May Be Misreading Iran | David Woo

Why US Fertilizer Supply Could Matter a Lot More Now | Pat Varas – Sage Potash

Roscan Gold: Mali Discount Hits Kandiole PEA

Recommended

Silver47 Kicks Off 7,000-Meter Drill Campaign at Nevada’s Hughes Project

CBS News Cuts Staff and Shuts Radio Network in Early Bari Weiss Era

Related News

Russian Fighter Jet Collides Into US Surveillance Drone Over The Black Sea

A Russian fighter jet collided with a US Reaper drone on Tuesday, prompting American military...

Tuesday, March 14, 2023, 01:51:09 PM

Millions In Taxpayer Dollars Allegedly Used To Fund Anti-Conservative Research

A federal initiative designed to combat disinformation and strengthen democratic processes has sparked a political...

Wednesday, January 8, 2025, 10:40:00 AM

Coinbase Bans 25,000 Russian-Owned Crypto Wallets

Major cryptocurrency exchange Coinbase (NASDAQ: COIN) has blocked tens of thousands of Russian wallet addresses...

Tuesday, March 8, 2022, 02:44:00 PM

Probe Calls On Chinese Interference In Canadian Elections Intensify After Trudeau Refuses Inquiry

Voices calling for a federal inquiry on the Chinese interference in Canadian elections have been...

Monday, February 27, 2023, 03:44:00 PM

Canadian PM’s Absence Fuels Leadership Crisis as Party Members Call for Exit

Canadian Prime Minister Justin Trudeau faces escalating pressure to resign as his weeks-long absence from...

Friday, January 3, 2025, 10:47:00 AM