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Canada Adds Russia Sanctions Targeting Missile Developers and Crypto Exchanges

The measures add 38 entities and 24 individuals to Canada’s sanctions list, Global Affairs Canada said.

Updated 1 min read
The Global Affairs Canada building stands on a cloudy morning in Ottawa, Canada / TokenPost.ai
The Global Affairs Canada building stands on a cloudy morning in Ottawa, Canada / TokenPost.ai

Canada imposed additional sanctions on Russia, adding 38 entities and 24 individuals to target military and financial networks that Ottawa says support Moscow’s war against Ukraine.

Global Affairs Canada said Foreign Affairs Minister Anita Anand announced the measures in Paris on Nov. 9 during the G7 foreign ministers’ meeting.

The additions include people and organizations tied to Russia’s defense industry, ballistic missile technology work and cyber operations. Canada says the measures aim to constrain Moscow’s ability to strike civilian targets in Ukraine. Anand said Ottawa is acting to curb Russian President Vladimir Putin’s ability to launch missiles at Ukrainian cities.

The package also targets financial channels. Global Affairs Canada says the listings include crypto exchanges that help sustain Russia’s wartime economy, with the goal of increasing the economic cost of the war. The government says Moscow uses sanction-evading networks to keep its military operations going.

The measures extend a sanctions program Canada says began in 2014. Since then, Global Affairs Canada says it has sanctioned more than 3,500 individuals and entities and more than 700 vessels. The department says the earlier measures targeted people and organizations it considered involved in violations of Ukraine’s sovereignty and territorial integrity, as well as serious human rights abuses.

Anand’s announced agenda for the G7 meeting also included talks on Ukraine, Haiti and artificial intelligence.

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