On July 20, 2023, Canada announced additional amendments to the Special Economic Measures (Russia) Regulations (the “Regulations”) in response to individuals and entities “complicit in Russia’s ongoing violation of Ukraine’s sovereignty and territorial integrity”. These amendments list an additional 39 individuals and 25 entities under Schedule 1 of the Regulations and took effect on July 19, 2023.
There are now over 1,800 parties listed under Schedule 1 of the Regulations. Among the newly listed parties are persons connected to Russia’s military-industrial complex and nuclear sector including “Private Military Company Wagner, the paramilitary sector, and the Orlan drone supply chain”. The newly listed parties also include persons from Russia’s educational and cultural sectors, such as the Minister of Culture, leaders of major museums and Russian celebrities, who support the “Kremlin’s efforts to Russify Ukraine’s culture.”
Source Baker & McKenzie
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