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On December 19, 2014, the Special Economic Measures (Russia) Regulations were amended by the Regulations Amending the Special Economic Measures (Russia) Regulations (SOR/2014-316). The unofficial version has been posted on the Foreign Affairs, Trade and Development Canada (DFATD) website. The amending regulations prohibit certain new debt and equity financing; add 11 individuals to the sanctions list, and prohibit any person in Canada and any Canadian outside Canada from exporting, selling, supplying or shipping any good referred to in column 1 of Schedule 4 (certain iron and steel pipe, drilling and boring tools, certain pumps, drilling equipment, etc.) wherever situated, to Russia or to any person in Russia for use in offshore oil exploration or production at a depth greater than 500 m; oil exploration or production in the Arctic; or shale oil exploration or production. The amendments also prohibit providing to Russia or to any person in Russia any financial, technical or other services related to any good whose export, sale, supply or shipment is prohibited. |
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