Canada announces new sanctions on Russia to weaken its missile capabilities
Photo: Canadian Foreign Minister Anita Anand (Getty Images)
Canada has imposed additional sanctions against Russia to maintain economic pressure on Russia. According to Canada's Foreign Minister, Anita Anand, this package of restrictions also aims to reduce Russia's missile capabilities.
New sanctions against Russia
Anand announced sanctions against Russia on November 9.
"Canada is taking action to undermine Putin’s capacity to strike Ukrainian cities with its missiles. We remain steadfast in our support for Ukraine and will continue to impose costs on Russia until it ends its aggression and respects Ukraine’s sovereignty and territorial integrity," she says.
Who is on the lists
The Canadian government has added 38 more organizations and 24 individuals to its sanctions lists.
The new sanctions target:
- Entities in the Russian defense-industrial complex
- Entities involved in the development of ballistic missile technology and Russia's cyber activities.
In addition, the restrictions are intended to increase Russia's economic losses by targeting financial instruments, particularly cryptocurrency exchanges, which help sustain the war economy.
Canada's assistance
In total, since 2014, Canada has imposed sanctions against more than 3,500 individuals and entities and over 700 vessels. The reasons cited include violations of Ukraine's sovereignty and territorial integrity, as well as gross and systematic human rights violations.
Canada and the EU have established the Alliance for the Future. Its goal will be to deepen economic and technological cooperation and to counter global threats. Ottawa will also contribute to a 90 billion euro loan for Ukraine.
Furthermore, tampering with the Starlink satellite system during the war in Ukraine poses serious risks. This underscores the danger of dependence on US technology, said Canadian Prime Minister Mark Carney.
