Canada imposes new sanctions on Russia’s oil and gas sector, chemical industry

Baku, July 15, AZERTAC

The government of Canada imposed another round of sanctions against Russia’s oil and gas sector and chemical industry, according to the Canadian foreign ministry’s website, TASS reports.
"On July 14, 2022, Canada further amended the Special Economic Measures (Russia) Regulations to prohibit the provision of 2 manufacturing services to the Russian oil, gas, chemical and manufacturing industries," the document says, adding that Canada targeted the manufacturing sector by adding 8 new industries to the list.
According to the document, Canadian citizens and companies are prohibited from providing a number of services to the Russian side, including services incidental to manufacturing of fabricated metal products; motor vehicles, trailers and semi-trailers; computer, electronic and optical products; electrical equipment and other sectors.
Canadian Foreign Minister Melanie Joly announced those measures on Saturday. She said that once the measures are in effect, Canadian businesses will have 60 days to conclude contracts with targeted industries and services.

World 2022-07-15 15:38:00