Canada imposes additional sanctions on Russian oligarchs, bans some luxury goods trade
A Canadian flag flies in front of the Peace Tower on Parliament Hill in Ottawa, Ontario, Canada, March 22, 2017/ Reuters
Canada said on Friday it was imposing additional sanctions on Russian oligarchs and banning the import and export of targeted luxury goods from Russia in response to Moscow's invasion of Ukraine.
The new measures would put restrictions on 14 individuals including Russian oligarchs, their family members, and close associates of Vladimir Putin, according to an official statement.
The import ban would target Russian goods including alcoholic beverages, seafood, and non-industrial diamonds, while the export ban would target luxury goods such as footwear, luxury clothing and jewellery.
Keep updated, follow The Business Standard's Google news channel
