June 9, 2022
1 min read

Canada sanctions Russian oil

The banning of the exportation of oil, gas and chemical services is targeting an industry that accounts for about 50 per cent of Russia’s federal budget revenues…reports Asian Lite News

Canadian Foreign Affairs Minister Melanie Joly has announced that Canada is imposing new sanctions on Russian oil, gas and chemical industries.

The Minister said in a news release on Wednesday that these new measures are imposing a ban on the export of 28 services vital for the operation of the oil, gas and chemical industries, including technical, management, accounting and advertising services, Xinhua news agency reported.

Canadian Minister of Foreign Affairs Melanie Joly.(photo:wikipedia)

The banning of the exportation of oil, gas and chemical services is targeting an industry that accounts for about 50 per cent of Russia’s federal budget revenues, she added.

Since February 24 this year, Canada has imposed sanctions on more than 1,070 individuals and entities from and in Russia, Ukraine and Belarus.

ALSO READ: Indians to benefit from Canada’s super visa changes

Previous Story

Hindu temple vandalised in Pakistan’s Karachi

Next Story

Shehbaz eyes Russian wheat

Latest from -Top News

Ramaphosa gains from US showdown

South African President’s conduct with Trump reminded South Africans of his diplomatic pedigree, and of his importance to the country’s rules-based order South Africa’s President Cyril Ramaphosa and his delegation went to

Armed gangs kill dozens in Nigeria

A local state governor said “scores” of people had been killed in the attacks, which also saw homes and properties destroyed. Northeast Nigeria has been gripped by a deadly wave of violence

Children die as USAID aid cuts snap a lifeline

Trump administration cut more than 90% of USAID’s foreign aid contracts and $60 billion in overall assistance around the world. Programs serving children were hit hard Under the dappled light of a
Go toTop

Don't Miss

Canada’s population growing at fastest rate in G7

Statistics Canada said the Covid-19 pandemic not only slowed the

Russia-Ukraine exchange 190 prisoners after UAE mediation

The Ministry emphasized that the success of the new mediation,