Russia’s economy is showing signs of strain amid high inflation and a tightening labour market, which G7 and European officials say is proof that western sanctions over the war in Ukraine are working. The Central Bank of Russia, which is independent from the government, delivered a new warning on Friday. The bank’s governor Elvira Nabiullina … Read more
From a nondescript seventh-floor office at 135 Bonham Strand near Hong Kong’s financial district, at least four companies are operating with a shadowy mission: facilitating the illicit trade of Western technology to Russia. Shell companies at that address have acquired millions of restricted chips and sensors for military technology companies in Russia, many of which … Read more
The Canadian government has denied a request to lift economic sanctions imposed on the daughters of a Russian billionaire and alleged “close associate” of President Vladimir Putin. Records obtained by Global News show that Foreign Affairs Minister Mélanie Joly rejected the appeals of Larisa and Ekaterina Fridman, whose father is banking tycoon Mikhail Fridman. Wanted … Read more
Canada on Thursday slapped new sanctions on Russia targeting its military and industrial sectors, and joined allies in accusing Moscow of seeking to influence elections in its neighbour Moldova. The actions come as Prime Minister Justin Trudeau attends the G7 Summit in Italy, where Russia’s invasion of Ukraine remains a key topic, and follow sweeping … Read more
Canada is imposing new sanctions against Russia over Moscow’s alleged use of North Korean missiles in its ongoing invasion of Ukraine, now in its third year. The fresh sanctions announced Tuesday target two individuals and six entities that “facilitated the illegal transportation of weapons, including ballistic missiles, from North Korea to Russia,” Global Affairs Canada … Read more
A billionaire trying to get off Canada’s Russia sanctions list denounced Vladimir Putin and the Ukraine war in a private statement to the government, but it didn’t work, Global News has learned. Igor Makarov, an oil and gas magnate whose assets were frozen by Ottawa in 2022 in response to the invasion of Ukraine, condemned … Read more
Canada has joined the United States, the United Kingdom and the European Union in slapping new sanctions on Russia on the eve of the second anniversary its invasion of Ukraine and in apparent retaliation for the death of Russian opposition leader Alexei Navalny. The 47-year-old critic of the Kremlin died suddenly in an Arctic penal … Read more
Descrease article font size Increase article font size Canada’s financial intelligence agency and European allies are highlighting attempts to export sensitive technology to Russia in violation of sanctions imposed against Moscow. The warning comes in a new joint advisory from the Financial Transactions and Reports Analysis Centre of Canada, known as Fintrac, and its counterparts … Read more
