March 11, 2025 12:34 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Gold smuggling accused Ranya Rao was allotted land by previous Karnataka govt to set up steel plant, claims state board | Gulmarg fashion show during Ramzan month stirs row, J&K CM Omar Abdullah responds | Trouble for Lalit Modi as Vanuatu PM orders cancellation of IPL founder's passport | ED raids former Chhattisgarh CM Bhupesh Baghel's residences in liquor scam probe | Mark Carney set to succeed Justin Trudeau as Canada PM | India agreed to cut tariffs way down, announces Donald Trump | Donald Trump confident Putin wants peace despite ‘bombing the hell out of Ukraine’ | I find it more difficult to deal with Ukraine than Russia: Donald Trump on efforts to end war | 'Making the dragon and elephant dance is the only right choice': China Minister tells India amid US 'tariff war' | Foreign Secretary Vikram Misri holds talks with his Russian counterpart in Moscow
Canada | Russia

Canada imposes sanctions on Russian oil, gas manufacturers, prohibits some gold products import

| @indiablooms | Jul 12, 2022, at 04:30 am

Ottawa/IBNS: A new round of Canada’s sanctions against Russia has been announced by foreign affairs minister, Mélanie Joly, including industrial oil and gas manufacturing in an effort to limit Moscow’s ability to wage war in Ukraine

Canadian services will be prohibited by the new measures from contributing to the production of goods made by these sectors, a statement released by Global Affairs Canada said.

Joly made the announcement while attending the G20 Foreign Ministers’ Meeting in Bali, Indonesia.

“The Russian propaganda machine must answer for its lies. Canada is committed to fighting disinformation wherever and whenever it is found,” Joly said in the statement.

“Today, we make it clear to those who peddle deception: You will be held accountable. Canada stands with Ukraine.”

The statement also said that altogether, oil, gas, chemical, and manufacturing make up more than 50 per cent of Russia’s federal revenues.

In addition to land and pipeline transport, the latest sanctions will include the manufacturing of metals, as well as transport, computer, electronic, and electrical equipment manufacturing and machinery.

Canadian businesses will have 60 days to comply with the sanctions.

The announcement follows a day after the federal government’s announcement of additional sanctions against Russian media, as well as the head of the Russian Orthodox Church, Vladimir Mikhailovich Gundyayev, who has spoken favourably of Putin’s war in Ukraine.

Canada also announced the prohibition of the import of certain gold products from Russia including unwrought gold, semi-manufactured gold, gold powder, monetary gold, and jewellery made of gold.

(Reporting by Asha Bajaj)

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.