Vlasiuk explains which Russian sectors are targeted by Canada’s new sanctions

This was announced by Vladyslav Vlasiuk, Commissioner for Sanctions Policy, in comments to Ukrinform.

“Canada is consistently expanding pressure on the financial and logistics infrastructure that enables Russia to circumvent sanctions and maintain export flows,” he noted.

The new package targets key elements of the Russian financial system, including the Moscow Exchange, the Saint Petersburg Stock Exchange, and Absolut Bank. Particular emphasis is placed on the crypto sector and alternative payment mechanisms—including Grinex LLC, Old Vector LLC, and TengriCoin CJSC—“which are linked to facilitating cross-border payments outside the traditional banking system,” Vlasiuk explained.

According to the Commissioner, the sanctions also cover insurance and maritime service companies, including Maritime Mutual, Soglasie Insurance Company, and Nova Shipmanagement, which provide insurance and management services for vessels in the so-called shadow fleet.

At the same time, a separate category concerns industrial and energy entities, including ROSATOM Energy Projects JSC and a number of related companies involved in energy and production chains.

Logistics and shipping operators involved in the transportation of Russian energy resources are also subject to the restrictions.

“The overall logic of the Canadian package lies in simultaneously cutting off the financial channels, crypto infrastructure, and maritime logistics through which Russia ensures the stability of its export revenues amid sanctions pressure,” Vlasiuk emphasized.

The presidential adviser stressed that, overall, the latest sanctions packages from the United Kingdom and Canada demonstrate a coordinated approach to putting pressure on the Russian war economy—from financial and crypto infrastructure to the logistics of the shadow fleet and energy revenues.

“The consistent expansion of restrictions in these sectors reduces Russia’s ability to circumvent sanctions and maintain stable external financial and trade flows that directly fuel the military machine,” he explained.

As reported by Ukrinform, during a meeting with Canadian Prime Minister Mark Carney, President Volodymyr Zelensky thanked him for the new package of sanctions targeting more than 160 entities linked to Russia’s shadow fleet.