Russia and Ukraine Sanctions Update: Canada Designates 12 More Parties

On June 21, 2014, the Government of Canada amended the Special Economic Measures (Russia) Regulations and the Special Economic Measures (Ukraine) Regulations to add additional individuals and entities to its lists of "designated persons".

In addition, the basis on which an individual or entity will be placed on the list of designated persons under both Regulations has been amended to include obstructing the work of international organizations in Ukraine.

The following individuals and entities have been designated and are now subject to economic sanctions:

McCarthy Tétrault

All persons in Canada and all Canadians outside of Canada should continue to screen their transactions and conduct due diligence regarding these and over 2,000 other listed persons under Canada's economic sanctions legislation. Subject to certain limited exceptions, it is prohibited to engage in any dealings involving the property of these persons, to provide financial or other related services to them, or to make goods available to them.

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