Canada adds 23 individuals, 5 entities, and 100 vessels to Russia sanctions list

Plain-language summary · AI-assisted · not legal advice

Canada's Russia sanctions regulations have been expanded with three categories of new additions. Twenty-three named individuals have been added to the designated-persons list, meaning their assets in Canada must be frozen and Canadians are prohibited from dealing with them. Five organizations — including military-patriotic youth training bodies — have been added to the sanctioned-entities list, triggering the same asset-freeze and dealing prohibitions. One hundred vessels (primarily oil and chemical tankers) have been added to the sanctioned-ships schedule, restricting their access to Canadian ports and services. Businesses, financial institutions, shipping operators, and anyone who might otherwise transact with these parties should screen against the updated lists immediately and ensure no dealings take place.

Who this affects: financial institutions and banks · shipping and port operators · businesses trading with Russia-linked parties · compliance and sanctions screening teams · energy and commodities traders