World
Updated: May 21, 2022

Russia-Ukraine: Canada Punishes Oligarchs, Bans Goods Trade With Russia

By Quadri Adejumo
May 21, 2022
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Canada has added 14 more Russian oligarchs and other associates of President Vladimir Putin to its sanctions list.

The country also announced a ban on trade in luxury goods with Russia over the invasion of Ukraine.

The Canadian government said in a statement late Friday that the ban aligns with similar measures imposed by its allies such as the United States and the European Union.

It added that it will help to mitigate the potential for Russian oligarchs to circumvent restrictions in other luxury goods markets.

The ban covers Canadian exports of alcoholic beverages, tobacco, some textile products and sportswear, footwear, luxury clothing and accessories, jewelry, kitchenware, and art, as well as imports from Russia of alcoholic beverages, seafood, fish, and diamonds.

The government also announced sanctions against Russian oligarchs and their family members and close associates of Putin.