Bans to Cover Luxury Goods, Commercial, Industrial, Medical and Laboratory Equipment and Materials
On Friday May 20, 2022, Canada announced amendments to the Special Economic Measures (Russia) Regulations, which were registered and entered into force on May 18, 2022. Notably, these amendments substantially expand the scope of purchase and sale restrictions imposed on Russia to broader categories of goods and new industries. A detailed summary of current sanctions related to the Russia/Ukraine conflict can be found in our previous insight, "Canadian Sanctions Targeting Russia, Belarus and Separatist Territories in Ukraine Expanded in Response to the Russian Invasion of Ukraine."
Along with some additions to the designated persons lists and non-substantive drafting revisions, this latest round of amendments introduce the following new sanction measures related to trade in goods:
These amendments join other product-specific trade restrictions on Russia that Canada has imposed in recent weeks which banned the supply of export-controlled goods and technology (including software and technical data) and goods and technology listed on the Restricted Goods and Technologies List, as well as certain previously existing supply restrictions targeting the Russian oil and gas sector that have been in place since 2014.
Given the wide and increasingly varied array of products covered by Canada's trade prohibitions it is strongly advised that any company trading goods with entities in Russia review the schedules of products affected and verify that their trading activities comply with Canadian law. The Bennett Jones International Trade and Investment group can provide specific advice related to goods you may be supplying to or acquiring from Russia or Russian counterparties.