Canada announced fresh sanctions on Friday that target six Russian businesses, 35 individuals working in the energy industry, and the sale of bonds to support Ukraine.
The sanctions target the “Luke Oil”, the oil and gas giant, the senior officials in Gazprom, its subsidiaries, the energy and industry ministers in Russia, Deputy Prime Minister Alexander Novak and former Prime Minister Victor Zobkov.
Alexander Ferolov, a former hockey player, and Anton Demcinko, a well-known chess player, were also on the list of more than 1,400 people and organisations charged with complicity in the Russian invasion of Ukraine.
According to Prime Minister Justin Trudeau during a press conference, the money raised by issuing bonds for Ukraine for a five-year term is intended to assist Kyiv in paying pensions and “keeping the lights lit.”
“The bonds are a method for the Canadians to actively support the Ukrainian people and their government in their fight against Russia.”
The amount that Canada wanted to raise by selling the bonds to overseas investors has not been made public.
She clarified, however, that the funds will be sent to the International Monetary Fund account, which had been set up in April in order to receive donations and loans for Ukraine.
According to the 2016 census, the Ukrainian community in Canada has a population of more than 1.36 million, making it one of the largest groups in the world.
The announcement of fresh sanctions against Russia and the issuance of bonds to support Ukraine by Canada
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