NewsStory

Canada announces Russia sanctions targeting missile developers and financial networks

KROV newsroom

9 Nov 2026, 11:56 pm IST1 min read

DiscussionThe story behind the news.

Canada announced sanctions targeting 38 additional entities and 24 individuals over Russia’s war against Ukraine. Foreign Minister Anita Anand announced the measures on November 9 on the sidelines of the G7 foreign ministers’ meeting in Paris. They fall under Canada’s Special Economic Measures (Russia) Regulations. [evidence-1] [evidence-2]

Global Affairs Canada said the listings cover parts of Russia’s defence industry involved in ballistic missile development, as well as actors involved in cyber operations. The package also targets financial intermediaries, including cryptocurrency exchanges that Canada says help sustain Russia’s war economy. [evidence-1] [evidence-2]

Canada said the measures aim to limit Russia’s ability to strike Ukraine and increase the financial costs of continuing the war. [evidence-1]

Sources and credits

Credit: Global Affairs Canada and The Kyiv Independent

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