Canada Nixes Russia Trade Status, Sanctions Rosneft and Gazprom
- Government unveils refugee plans, more lethal aid for Ukraine
- Freeland warns Putin, oligarchs to expect more in coming days
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Canada is ratcheting up sanctions on Russia in response to the invasion of Ukraine in coordination with Western allies, unveiling new restrictions on energy companies and steep tariffs on exports.
In a statement late Wednesday, Prime Minister Justin Trudeau’s government imposed new sanctions on 10 individuals at Rosneft Oil Co. and Gazprom PJSC. And at a press conference Thursday morning, it revoked most favored nation status for Russia and Belarus, which slaps a 35% tariff on their exports to Canada.