Canada Blocked Russian Assets Worth $123 Million

The Canadian police froze Russian assets totaling $123.031 million in the period from February 24 to June 7, 2022. This was announced on Thursday, June 9, by the Royal Canadian Mounted Police. 

“From February 24 to June 7, Russian assets totaling $123 million were frozen. Transactions totaling $289 million were also blocked,” the document says.

As reminded, Ottawa has been imposing economic sanctions against Russia since the end of February because of the situation in Ukraine. Canada announced the last economic restrictions on June 8. Then, Ottawa published a list of 28 activities related to the oil and gas and chemical industries of Russia, which fell under sanctions. In particular, they relate to construction and various types of transportation, computer, accounting, consulting, engineering and other services.

It was noted that Canadian citizens and companies are prohibited from doing business with representatives of the Russian oil, gas, chemical and mining industries, including coal and metal ore mining.

Ru-Main, 10.06.2022
Source: TASS 

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *