On June 22, 2023, Budget Implementation Act, 2023, No. 1 formerly Bill C-47 received Royal Assent. Among the various other measures in this omnibus bill, the Act made significant amendments to Canada s autonomous sanctions statutes, the Special Economic Measures Act the SEMA and the Justice for Victims of Corrupt Foreign Officials Act the Magnitsky Law, to clarify ownership and control rules for purposes of sanctions imposed under the SEMA and the Magnitsky Law.
On February 21, 2022, Russia formally recognized the purported independence of two regions in Eastern Ukraine, Donetsk and Luhansk. The next day it ordered Russian troops into the separatist-occupied territories, and the incursion escalated into a multi-pronged invasion of Ukraine on February 24, 2022. Canada swiftly announced new sanctions that target Russia and the occupied Ukrainian regions, as it warned it would do if Russia were to continue its aggressive policies against Ukraine.
In June 2022, the World Trade Organization concluded negotiations on the Fisheries Subsidies Agreement FSA, an important multilateral pact addressing state-sponsored subsidies that are a key factor in the widespread depletion of the world s fish stocks. The FSA will make fishing more sustainable by prohibiting subsidies to fishing overfished stocks, to subsidies that contribute to illegal, unreported and unregulated fishing, and to subsidies provided to fishing on the unregulated high seas.
On February 21, 2022, Russia formally recognized the purported independence of two regions in Eastern Ukraine, Donetsk and Luhansk. The next day it ordered Russian troops into the.
Bans to Cover Luxury Goods, Commercial, Industrial, Medical and Laboratory Equipment and Materials - On Friday May 20, 2022, Canada announced amendments to the Special.