By Greg Quinn
Canadian Prime Minister Stephen Harper.
Canadian Prime Minister Stephen Harper widened sanctions against Russian companies and Ukrainian separatists today, and said a group of countries are also working to ban the export of oil technology to Russia.
Travel bans apply to 19 individuals, and economic penalties to another 22 Russian and Ukrainian companies or groups, Harper said in a statement from Ottawa today. The sanctions include Bank of Moscow, Russian Agricultural Bank, Dobrolet Airlines, Russian National Commercial Bank, VTB Bank OAO, Bank Rossiya Chief Executive Officer Nikolay Shamalov and Marshall Capital founder Konstantin Malofeev.
Canada’s move follows the European Union decision last week to freeze the assets of some Russian executives and Harper’s July 24 measures to penalize banking and energy companies as unrest in Ukraine continues. Harper said that Russian President Vladimir Putin must use his control over separatists in the region to stop the violence.
“The Putin regime’s continued illegal occupation of Ukraine’s Crimean peninsula and its provocative military activity in eastern Ukraine remains a grave concern to Canada and the international community,” Harper said in the statement. “We are also committed to imposing the necessary regulations to enact export restrictions on technologies used in Russia’s oil exploration and extraction sector. Those will be implemented in parallel with our allies.”
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