Denis Kamyshev Removed From Sanctions

Summary#

This final regulation removes Denis Valentinovich Kamyshev from the Special Economic Measures (Russia) Regulations. The change took effect on October 11, 2024 and means he is no longer subject to the listing and its Canadian restrictions.

What it does#

• Removes Denis Valentinovich Kamyshev from Schedule 1 of the Special Economic Measures (Russia) Regulations.
• The change is final and came into force on October 11, 2024.
• Global Affairs Canada will update the Consolidated Canadian Autonomous Sanctions List to reflect the removal.
• The department says the removal followed a delisting request and a finding that there were no reasonable grounds to keep the person listed.

Who's affected#

• Denis Valentinovich Kamyshev — the person removed from the sanctions list.
• Canadians and Canadian businesses or organizations that previously could not lawfully do business with him.
• Canadian banks and financial institutions — they will need to update their screening and monitoring systems to remove him.
• The broader public is unlikely to notice any direct change unless they had dealings, travel plans, or transactions involving the individual.

Why it matters#

• Being removed from the list ends the Canadian prohibitions on dealing with the person, including business transactions and some travel restrictions. That can make it legally easier for Canadians to interact with him.
• The decision shows that Canada’s sanctions regime includes a formal delisting path for people who apply and can show reasons for removal.
• According to the government, the delisting creates no direct cost to businesses or increased security risk.