CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

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CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

Latest Russia sanctions impact metal manufacturing

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In a move that will impact Canadian metalworkers, Canada is targeting Russia’s oil and gas sector as part of a new round of sanctions.

Ottawa announced it is increasing its efforts “to help deplete [Russian] President Vladimir Putin’s war chest” and limit Russia’s ability to wage war in Ukraine by expanding existing sanctions on the country’s oil, gas and chemical industries by including industrial manufacturing. The new measures prohibit Canadian services from contributing to the production of goods made by these sectors.

Along with land and pipeline transport, the latest sanctions will include the manufacturing of metals, as well as transport, computer, electronic and electrical equipment manufacturing and machinery. Canadian businesses have 60 days to comply with the sanctions.

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