Prime Minister Stephen Harper declared in a statement that the sanctions “are putting real economic pressure on Russia to cease militarism in Ukrainian territory.”
“Canada will not accept the illegal occupation of Crimea and persistent, provocative military activity in eastern Ukraine,” Mr. Harper said, warning that his country stands ready to take further measures together with allies and partners if required.
The latest move by the Canadian government includes new export restrictions on technologies used in Russia’s oil exploration and extractive sector, such as iron or steel pipes used in pipelines, rock-drilling tools, drilling derricks, and production platforms.
Ottawa is also further defining existing debt and equity financing prohibitions. In addition, it is imposing “economic sanctions” and travel bans against 20 more people, either Russians or Ukrainians connected to the Russian-backed separatist movement.
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