Canada’s Prime Minister Justin Trudeau has imposed sanctions on Russia over Ukraine’s declaration of independence from Donetsk and Luhansk. He imposed the first round of sanctions against Moscow on Tuesday (February 22nd), local time.
“Russia has taken up position in Ukraine illegally. It is an attack on democracy and a threat to world peace. Then they will not forget to attack more sovereign states. Expressing solidarity with friendly countries and allies, the first round of economic sanctions was imposed on Russia,” Trudeau said in a tweet following the announcement of the sanctions.
Canada imposes sanctions on Russia are:
- Russia’s Special Economy Measures Regulations and Ukraine’s Special Economic Measures have been banned.
- The sanctions will apply to Russia’s Duma province. The province has voted in favor of recognizing the independence of Donetsk and Luhansk.
- Transactions in the Donetsk and Luhansk regions will be conducted by the Ukrainian government. Any other transaction will be banned. Canadians have been warned to engage in certain transactions in the area.
- Direct and indirect transactions of Russian sovereign debt will be prohibited under the embargo.
- Canada will impose sanctions on two Russian financial institutions in order to curb Moscow’s ability to finance aggressive measures.
- In addition, Ottawa will deploy an additional 460 Armed Forces personnel with the North Atlantic Treaty Organization (NATO).
- If necessary, the Canadian Armed Forces will deploy an additional 3,400 members to NATO forces.