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Canada has blocked Russian assets for $320 million

16 Aug, 2022
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Canada has blocked Russian assets for $320 million

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Recall that since 2014, Canada has imposed sanctions against more than 1,600 individuals and legal entities.


Canada has blocked more than 413 million Canadian dollars (about $320 million) in Russian assets as part of economic sanctions against Russia for violating Ukraine's sovereignty.

This was announced by the head of the Office of the President of Ukraine, Andriy Yermak.

According to the Royal Canadian Mounted Police, which monitors the implementation of sanctions, from February 24 to August 9 in Canada in general, the equivalent of 122.3 million Canadian dollars of property was frozen, and transactions of $ 290.7 million were stopped in accordance with the prohibitions defined by the Act. on special economic measures against Russia.

Recall, on January 4, 2022, European Commission President Ursula von der Leyen presented the sixth package of EU sanctions against the Russian Federation, which includes the oil embargo and the inclusion of Sberbank in SWIFT.

Hungary opposed the introduction of a ban on the supply of Russian oil.

On May 29, Bloomberg, citing sources, reported that the European Commission is proposing to EU countries to abandon the import of Russian oil by sea, at the same time postponing restrictions on its import from the Druzhba pipeline.

Subsequently, the European Union agreed on a partial embargo on Russian oil.

The deal to ban Russian oil exports to the EU affects more than two-thirds of Russia's oil imports, cutting a major funding source for its military machine.


The Odessa Journal

The Odessa Journal

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