Canada imposes new sanctions on Russia
Canada on Friday imposed a new round of sanctions on Russia, including restrictions on exports of energy technology, as part of its effort to put pressure on President Vladimir Putin for Moscow's involvement in a continuing conflict in neighboring Ukraine, The Wall Street Journal reported.
Ottawa and its Western allies, including the U.S. and the European Union, have already imposed several rounds of sanctions on Russia.
Prime Minister Stephen Harper declared in a statement that the sanctions "are putting real economic pressure on Russia to cease militarism in Ukrainian territory."
"Canada will not accept the illegal occupation of Crimea and persistent, provocative military activity in eastern Ukraine," Mr. Harper said, warning that his country stands ready to take further measures together with allies and partners if required.
The latest move by the Canadian government includes new export restrictions on technologies used in Russia's oil exploration and extractive sector, such as iron or steel pipes used in pipelines, rock-drilling tools, drilling derricks, and production platforms.
Ottawa is also further defining existing debt and equity financing prohibitions. In addition, it is imposing "economic sanctions" and travel bans against 20 more people, either Russians or Ukrainians connected to the Russian-backed separatist movement.