Canada Announces New Sanctions Targeting Russia's Defence and Financial Sectors
Canadian Minister of Foreign Affairs Anita Anand announced additional sanctions against 38 entities and 24 individuals linked to Russia's defence industrial base, cyber activities, and financial enablers during the G7 Foreign Ministers' Meeting in Paris on November 9, 2026.
On November 9, 2026, Canadian Minister of Foreign Affairs Anita Anand announced additional sanctions against Russia under the Special Economic Measures (Russia) Regulations. The announcement was made on the margins of the G7 Foreign Ministers’ Meeting in Paris, France.
The new measures list an additional 38 entities and 24 individuals. The sanctions target elements of Russia’s defence industrial base, including actors involved in ballistic missile technology development and Russia’s cyber activities. The measures also target financial enablers, including crypto exchanges, that help sustain Russia’s war economy.
According to the announcement, the sanctions aim to reduce Russia’s military capabilities and raise the economic costs of Russia’s war against Ukraine. The measures are intended to constrain Russia’s capacity to strike civilian targets in Ukraine and undermine President Vladimir Putin’s capacity to strike Ukrainian cities with missiles.
Since 2014, Canada has imposed sanctions on more than 3,500 individuals and entities and over 700 vessels.