Ten People Added to Russia Sanctions List

Summary#

These final amendments change the Special Economic Measures (Russia) Regulations to add 10 people to Canada’s Russia sanctions list and to remove 3 entries that were duplicated. The regulations took effect on the day they were registered (March 6, 2022) and were published in the Canada Gazette on March 16, 2022.

What it does#

• Adds 10 named individuals to Part 1 of Schedule 1 of the Special Economic Measures (Russia) Regulations. The newly listed people are:
  • Mikhail Albertovich MURASHKO
  • Dmitry Nikolayevich PATRUSHEV
  • Vladimir Rudolfovich SOLOVYOV
  • Margarita Simonovna SIMONYAN
  • Oleg Vladimirovich DERIPASKA
  • Pavel Vladimirovich KRASHENINNIKOV
  • Victor Evdokimovich GAVRILOV
  • Dmitry IVANOV
  • Konstantin Lvovich ERNST
  • Dmitry Sergeyevich PESKOV
• Repeals items 187, 258 and 328 from Part 1 of Schedule 1 (these were duplicate listings).
• The regulations were applied before their Canada Gazette publication for administrative purposes, and they came into force on the day of registration (March 6, 2022).

Who's affected#

• The 10 people named above. They are now subject to the restrictions in the Russia sanctions regulations.
• People and organizations in Canada, and Canadians outside Canada, who might hold assets of or try to do business with those listed people. That includes:
  • Canadian banks and financial institutions (they must screen for and block prohibited dealings).
  • Businesses that would need a permit to carry out transactions that the regulations prohibit.
• Enforcement agencies: the Royal Canadian Mounted Police and the Canada Border Services Agency handle enforcement and border checks.
• The public at large may be indirectly affected if the individuals have assets or business ties in Canada. The government says it is likely those links are limited.

Why it matters#

• Being added to Schedule 1 means an effective asset freeze and a broad ban on dealings with the named individuals. That can stop them from accessing assets or services in Canada.
• Financial institutions will need to update screening systems. This can mean extra compliance work and could delay or block transactions tied to the listed people.
• Breaking the rules can lead to criminal penalties: a fine of up to $25,000, or up to one year in jail on summary conviction, or up to five years on indictment.
• These amendments are part of Canada’s coordinated response with allies to Russia’s invasion of Ukraine. They are intended to impose costs on people seen as connected to that action.