5/20, 4:48 PM (Source: TeleTrader)
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Canada sanctions 14 Russian oligarchs

Canadian Foreign Minister Melanie Joly announced on Friday the country will impose additional sanctions against 14 Russian oligarchs and their family members following Moscow's military operation in Ukraine. The new measures will also target "close associates of the Putin regime."

In addition to this, Ottawa will impose restrictions on the trade of targeted luxury goods with Moscow, including alcoholic beverages, tobacco, some textile products and sportswear, luxury clothing, and jewelry. Last year, the combined value of these categories was $75.7 million.

"Canada, together with our allies, will be relentless in our efforts to maintain pressure on the Russian regime," noted the foreign minister. Previously, the country banned Russians sanctioned over Ukrainian from entering Canada.

Baha Breaking News (BBN) / AB