Canada unveils new Russia sanctions targeting defense industry, cyber activities
The new sanctions target 38 entities and 24 individuals, ranging from players in Russia's ballistic missile production to crypto exchanges.
Canadian Foreign Minister Anita Anand unveiled new sanctions against Russia on November 9, targeting the nation's defense industrial base and cyber activities on the sidelines of the G7 foreign ministers meeting in Paris. The sanctions encompass 38 entities and 24 individuals, announced by the Canadian government in a statement. This comes amid Russia's renewed attacks on Ukraine's power grid, causing widespread power outages as winter approaches.
Anand stated that Canada aims to weaken Russia's ability to strike Ukrainian cities with its missiles. The Canadian government remains committed to supporting Ukraine and imposing costs on Russia until it ceases its aggression and respects Ukraine's sovereignty and territorial integrity.
The sanctions also focus on Russia's cyber activities and entities that fund its war against Ukraine, such as cryptocurrency exchanges. Ukraine has been urging its international partners to intensify economic pressure on Moscow to encourage peace talks and provide financial assistance to Ukraine. On October 30, Canada announced it would contribute 500 million euros ($559 million) to the European Union to help bridge Ukraine's 70 billion euros ($78 billion) budget deficit next year.
Written by urgent.news from Kyiv Independent's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
