Canada sanctions another 35 people and six companies related to Russia

Trudeau announces the placing on the market of Ukrainian sovereign bonds backed by the Government of Canada

Oct. 28 () –

The Canadian authorities have included this Friday 35 more people and six other companies related to the Russian government as a response measure to the invasion of Ukraine, which began at the end of February, more than eight months ago.

“Today we are adding 35 more people to this list, including influential leaders of the state-owned energy company Gazprom, and imposing sanctions on six companies in the energy sector,” Canadian Prime Minister Justin Trudeau said.

Among the most prominent names in this new round of sanctions include Gazprom’s chairman of the board of directors, Viktor Zubkov; the Minister of Industry and Commerce of Russia, Denis Manturov, or his counterpart for Energy, Nikolai Shulginov, according to TASS.

On a business level, Ottawa has included the oil company Lukoil, the group specializing in coal extraction Sibuglemet, the rail transport company Transoil, and the Russian insurance company SOGAZ on its ‘black list’.

“Canada continues to support Ukraine. We stand together in support of freedom, democracy and justice. And we are united against Russian aggression,” Trudeau said on his social networks, adding that Canada will soon offer Ukrainian sovereign debt backed by government.

He has also reported the allocation of funds to help Ukrainians prepare for the harsh winter in Eastern Europe and that this year could be worse due to Russian attacks on Ukrainian energy infrastructure.

“While the Russian regime continues its unwarranted and unjustifiable aggression against Ukraine, we will continue to support the Ukrainian government and people,” concluded the Canadian Prime Minister.

In response, Ukrainian President Volodimir Zelenskiy thanked Ottawa and Trudeau, adding that placing Ukrainian sovereign bonds on the market will allow all Canadians to “contribute to the victory” of Ukraine.