Backgrounder: Sanctions related to Belarus

Effective immediately, Canada is imposing new sanctions in response to gross and systematic human rights violations committed in Belarus.

The Special Economic Measures (Belarus) Regulations impose asset freezes and dealings prohibitions on listed persons by prohibiting persons in Canada and Canadians outside Canada from dealing in any property of these individuals or providing financial or related services to them.

The new measures impose restrictions on certain activities relating to Belarus’s financial sector, including transferrable securities and money market instruments, debt financing, insurance and reinsurance, petroleum products and potassium chloride products.

The specific prohibitions are set out in the regulations.