STREIT Group added to Russia sanctions list

Summary#

• The amendment adds STREIT Group (also known as STREIT Group FZE and STREIT Group FZE-LLC) to Part 2 of Schedule 1 of the Special Economic Measures (Russia) Regulations.
• The change was registered on August 6, 2026 and published in the Canada Gazette on August 26, 2026, and it came into force on registration.

What it does#

• Adds STREIT Group to the list of entities targeted by the Special Economic Measures (Russia) Regulations.
• Once listed, people and businesses in Canada — and Canadians abroad — are broadly prohibited from:
  • doing business with the listed entity;
  • providing services or transferring goods or money to it;
  • holding or dealing in its property — unless a special permit is granted.
• The regulation applies immediately from the date of registration (it was applied before publication).
• Names of listed entities will be added to Canada’s public Consolidated Canadian Autonomous Sanctions List.
• Penalties for knowingly breaking these rules can include a fine of up to $25,000, imprisonment for up to one year on summary conviction, or up to five years on indictment.

Who's affected#

• STREIT Group and any of its aliases or associated companies.
• Canadian businesses that have dealt with, exported to, or provided services to this company. Canada’s records show:
  • total historical exports of about $3.6 million to the entity or related parties between 2020 and 2025;
  • six export permits were issued since 2020, with five shipments made between 2020 and 2024;
  • no reported trade since September 2025 (according to the government’s assessment).
• Financial institutions and banks, which must screen for and block transactions involving listed entities.
• Government agencies involved in enforcement and compliance, including Global Affairs Canada, Canada Border Services Agency (CBSA), Royal Canadian Mounted Police (RCMP), Immigration, Refugees and Citizenship Canada (IRCC) and FINTRAC.
• Small exporters and service providers who were considering or negotiating business with the listed company may need to stop or re-route transactions.

Why it matters#

• The listing tightens Canada’s targeted sanctions aimed at limiting companies that support Russia’s military industry during its war against Ukraine.
• For affected Canadian businesses, it means stopping planned deals with the listed entity and updating compliance checks. Those changes are expected to have a low overall economic impact because past trade with the company appears limited.
• For the public, it shows Canada is coordinating with allies to pressure and restrict access to goods, services and finance that could support wartime activities.