Canada is imposing a new round of sanctions on Russia and revoking export permits worth hundreds of millions of dollars as Western nations retaliate against President Vladimir Putin’s invasion of Ukraine.
The new sanctions target 58 Russian individuals and entities, including banks and the ministers of defense, finance, and justice, Prime Minister Justin Trudeau told reporters in Ottawa. Canada will also cease issuing any export permits for Russia and will cancel all existing ones.
“These sanctions are wide reaching, they will impose severe costs on complicit Russian elites, and they will limit President Putin’s ability to continue funding this unjustified invasion,” Trudeau said.
Ottawa will also prioritize immigration applications for Ukrainians who want to come to Canada, and is arranging safe travel out of Ukraine for Canadian citizens and permanent residents.
Canada has 3,400 troops on standby and ready to deploy, which were in addition to the nearly 500 Canadian military personnel previously announced as bound for Ukraine.
