...
...
Next Story

Canada bans export of support services for Russian oil, gas, chemical industries

Canada's new measures target an industry that accounts for about 50% of Russia’s federal budget revenues, according to a statement from Canadian Foreign Minister Melanie Joly.

Updated on: Jun 8, 2022, 20:10:54 IST
Reuters | OTTAWA
Prefer HTon Google
Advertisement

Canada said on Tuesday it was imposing new sanctions on Russia, banning export of 28 services, such as accounting and advertising, that are needed for the operation of Russian oil, gas and chemical industries.

A Canada flag flies in Hamilton, Ontario. (REUTERS/FILE)
A Canada flag flies in Hamilton, Ontario. (REUTERS/FILE)

Canada's new measures target an industry that accounts for about 50% of Russia’s federal budget revenues, according to a statement from Canadian Foreign Minister Melanie Joly.

Since Russia's invasion of Ukraine on Feb. 24, Canada has imposed sanctions on more than 1,070 individuals and entities and Joly said Ottawa would "continue to relentlessly pursue accountability for Vladimir Putin's senseless war."

 
Track live Stock Market Today updates and check your NSE IPO Allotment Status Today. Stay informed with the latest business news, petrol and diesel prices, gold and silver rates, income tax updates, and major economic developments across India and globally.
Track live Stock Market Today updates and check your NSE IPO Allotment Status Today. Stay informed with the latest business news, petrol and diesel prices, gold and silver rates, income tax updates, and major economic developments across India and globally.
SHARE THIS ARTICLE ON
Notifications

Get breaking alerts directly from the newsroom

Notifications are on!You'll be notified when news breaks