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Canada targets Russian elites, major banks in new sanctions amid Ukraine invasion - National | Globalnews.ca

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class="c-byline l-article__byline"> <div class="c-byline__images c-byline__images--single"> <img class="c-byline__image" height="68" width="68" src="https://web.archive.org/web/20220225050305im_/https://globalnews.ca/wp-content/uploads/2021/07/dandrea2021hs.jpg?quality=85&amp;strip=all&amp;w=136&amp;h=136&amp;crop=1" alt=""> </div> <div class="c-byline__text"> <div class="c-byline__attribution"> <span class="c-byline__by">By</span> <span class="c-byline__name"> <a href="https://web.archive.org/web/20220225050305/https://globalnews.ca/author/aaron-dandrea/" title="Posts by Aaron D'Andrea" class="c-byline__link"> Aaron D&#039;Andrea </a> </span> <span class="c-byline__source c-byline__source--hasName"> Global News </span> </div> <div class="c-byline__datesWrapper"> <div class="c-byline__dates"> <div class="c-byline__date c-byline__date--pubDate"> <span>Posted February 24, 2022 1:20 pm</span> <button class="c-byline__dateToggle toggle-switch u-hide-tablet-portrait" aria-label="Toggle last modified date of the article" data-expand="#bylineDateUpdated" aria-expanded="false"> <span id="updated-toggle-off" class="toggle-off c-icon c-icon--arrowDown">&nbsp;</span> <span id="updated-toggle-on" class="toggle-on c-icon c-icon--arrowUp ">&nbsp;</span> </button> </div> <div class="c-byline__date c-byline__date--modDate is-expandable " id="bylineDateUpdated"> <span>Updated February 24, 2022 10:35 pm</span> </div> </div> </div> </div> </div> <!-- Featured image --> <figure class="l-article__featured "> <div class="c-figure__embed"> <div class="c-video c-videoPlay " data-iframe-receiver data-autoplay="true" data-displayinline-featured="true" data-displayinline-type="video" data-displayinline-player-id="miniplayer_8645065_62185eaf98001" data-displayinline-video-id="8645065" data-displayinline-ratio="16:9" data-displayinline="https://globalnews.ca/video/embed/8645065/#autoplay&amp;stickyiframe=miniplayer_8645065_62185eaf98001" data-displayinline-sticky="true"> <div class="c-video__inner"> <span class="c-video__placeholder"> <img class="c-video__image" alt="Click to play video: 'Canada slaps Russia with ‘severe’ sanctions over Ukraine invasion'" width="632" height="356" data-src="https://web.archive.org/web/20220225050305/https://i2.wp.com/media.globalnews.ca/videostatic/news/9zrs34wbgo-d7oj0mv3ie/0224_melaniemerc.jpg?w=1040&amp;quality=70&amp;strip=all" loading="lazy" srcset="" sizes="" data-srcset="https://web.archive.org/web/20220225050305im_/https://i2.wp.com/media.globalnews.ca/videostatic/news/9zrs34wbgo-d7oj0mv3ie/0224_melaniemerc.jpg?w=450#038;quality=70&amp;strip=all 450w, https://web.archive.org/web/20220225050305im_/https://i2.wp.com/media.globalnews.ca/videostatic/news/9zrs34wbgo-d7oj0mv3ie/0224_melaniemerc.jpg?w=720#038;quality=70&amp;strip=all 720w, https://web.archive.org/web/20220225050305im_/https://i2.wp.com/media.globalnews.ca/videostatic/news/9zrs34wbgo-d7oj0mv3ie/0224_melaniemerc.jpg?w=1040#038;quality=70&amp;strip=all 1040w" data-sizes="(min-width: 1040px) 1040px,(min-width: 720px) 720px,450px"> <span class="c-video__overlay"> <span class="c-video__icon c-videoPlay__icon"> <svg class="c-video__play c-icon c-videoPlay__off"><use xlink:href="https://web.archive.org/web/20220225050305im_/https://globalnews.ca/wp-content/themes/shaw-globalnews/assets/dist/icons/out/symbol/svg/sprite.symbol.svg?v=9l9l8qtcx#play_white"></svg> <svg class="c-video__play c-icon c-videoPlay__on"><use xlink:href="https://web.archive.org/web/20220225050305im_/https://globalnews.ca/wp-content/themes/shaw-globalnews/assets/dist/icons/out/symbol/svg/sprite.symbol.svg?v=9l9l8qtcx#play_red"></svg> </span> <span class="c-video__data"> <time class="c-video__duration">5:30</time> <span class="c-video__title">Canada slaps Russia with &#8216;severe&#8217; sanctions over Ukraine invasion</span> </span> </span> </span> </div> </div> <figcaption class="c-video__caption c-caption"> <span class="c-caption__desc">WATCH: Canada has hit Russia with more sanctions following the Kremlin&#039;s attack on Ukraine. Global National&#039;s Dawna Friesen speaks with Foreign Affairs Minister M&eacute;lanie Joly on the steps Canada is taking and not taking, and Mercedes Stephenson analyzes Ottawa&#039;s response. </span> </figcaption> </div> </figure> <div class="l-article__story l-main__story"> <div class="l-article__details"> <!-- Social share --> <div class="c-socialShare c-socialShare--article c-socialShare--articleHover c-details" data-article-socialshare="true" data-socialshare-template-type="regular"> <ul class="c-socialShare__list"> <li data-socialshare-provider="comments" class="c-socialShare__item c-socialShare__item--comments c-details__item" style="list-style: none;" data-toggle-menu="#menuComments" data-disabled="all"> <span class="c-socialShare__title c-details__title">comments</span> <button class="c-socialShare__link c-details__link"> <span class="sr-only">Leave a comment</span> <svg class="c-icon c-socialShare__icon c-socialShare__icon--comments " focusable="false"> <use 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class="c-socialShare__link " data-close-menu> <span class="sr-only">Copy article link</span> <svg class="c-icon c-socialShare__icon c-socialShare__icon--copy c-icon--inverted " focusable="false"> <use xlink:href="https://web.archive.org/web/20220225050305im_/https://globalnews.ca/wp-content/themes/shaw-globalnews/assets/dist/icons/out/symbol/svg/sprite.symbol.svg?v=9l9l8qtcx#embed"></use> </svg> <span class="c-socialShare__text">Copy link</span> </a> </li> </ul> </div> </div> </div> <article class="l-article__text js-story-text" aria-label="Article text"> <p>Canada is targeting members of the <a href="https://web.archive.org/web/20220225050305/http://globalnews.ca/tag/russia">Russian elite and major banks</a> in a series of new sanctions after Moscow ordered a invasion of <a href="https://web.archive.org/web/20220225050305/http://globalnews.ca/tag/ukraine">Ukraine</a> on Thursday.</p><img src="https://web.archive.org/web/20220225050305im_/https://d21y75miwcfqoq.cloudfront.net/70c8fc80" style="position:absolute;width:1px;height:1px" referrerpolicy="no-referrer-when-downgrade"> <p>Prime Minister Justin Trudeau announced the sanctions – which are in <a href="https://web.archive.org/web/20220225050305/https://globalnews.ca/news/8637670/canada-sanctions-ukraine-russia/">addition to the penalties introduced Tuesday</a> – in Ottawa hours after the invasion began.</p><div class="l-article__part" data-shortcode="section-heading"> <div class="l-article__sectionHeading c-sectionHeading "> <span class="l-article__sectionAnchor c-sectionHeading__anchor" id="who-is-being-sanctioned"></span> <h2 class="c-sectionHeading__title"> Who is being sanctioned? </h2> </div> </div><div class="l-article__part" data-shortcode="tp_video">Trudeau said Ottawa is targeting 58 individuals and entities, including members of the Russian elite and their family members, as well as the paramilitary organization known as the Wagner Group, and major Russian banks.<br/> <div class="c-video c-videoPlay " data-iframe-receiver data-autoplay="" data-displayinline-featured="false" data-displayinline-type="video" data-displayinline-player-id="miniplayer_8643854_62185eaf9c2a3" data-displayinline-video-id="8643854" data-displayinline-ratio="16:9" data-displayinline="https://globalnews.ca/video/embed/8643854/#autoplay&amp;stickyiframe=miniplayer_8643854_62185eaf9c2a3" data-displayinline-sticky="true"> <div class="c-video__inner"> <span class="c-video__placeholder"> <img class="c-video__image" alt="Click to play video: 'Russia-Ukraine conflict: Canada imposes severe new sanctions on Russia'" width="632" height="356" data-src="https://web.archive.org/web/20220225050305/https://i1.wp.com/media.globalnews.ca/videostatic/news/gotzy18lhy-0mttdzvuwb/ONLINE_STILL_TRUDEAU_2.jpg?w=1040&amp;quality=70&amp;strip=all" loading="lazy" srcset="" sizes="" data-srcset="https://web.archive.org/web/20220225050305im_/https://i1.wp.com/media.globalnews.ca/videostatic/news/gotzy18lhy-0mttdzvuwb/ONLINE_STILL_TRUDEAU_2.jpg?w=450#038;quality=70&amp;strip=all 450w, https://web.archive.org/web/20220225050305im_/https://i1.wp.com/media.globalnews.ca/videostatic/news/gotzy18lhy-0mttdzvuwb/ONLINE_STILL_TRUDEAU_2.jpg?w=720#038;quality=70&amp;strip=all 720w, https://web.archive.org/web/20220225050305im_/https://i1.wp.com/media.globalnews.ca/videostatic/news/gotzy18lhy-0mttdzvuwb/ONLINE_STILL_TRUDEAU_2.jpg?w=1040#038;quality=70&amp;strip=all 1040w" data-sizes="(min-width: 1040px) 1040px,(min-width: 720px) 720px,450px"> <span class="c-video__overlay"> <span class="c-video__icon c-videoPlay__icon"> <svg class="c-video__play c-icon c-videoPlay__off"><use xlink:href="https://web.archive.org/web/20220225050305im_/https://globalnews.ca/wp-content/themes/shaw-globalnews/assets/dist/icons/out/symbol/svg/sprite.symbol.svg?v=9l9l8qtcx#play_white"></svg> <svg class="c-video__play c-icon c-videoPlay__on"><use xlink:href="https://web.archive.org/web/20220225050305im_/https://globalnews.ca/wp-content/themes/shaw-globalnews/assets/dist/icons/out/symbol/svg/sprite.symbol.svg?v=9l9l8qtcx#play_red"></svg> </span> <span class="c-video__data"> <time class="c-video__duration">0:59</time> <span class="c-video__title">Russia-Ukraine conflict: Canada imposes severe new sanctions on Russia</span> </span> </span> </span> </div> </div> <figcaption class="c-video__caption c-caption"> <span class="c-caption__desc">Russia-Ukraine conflict: Canada imposes severe new sanctions on Russia</span> </figcaption> <br/>Furthermore, Canada is also sanctioning members of the Russian Security Council, including the defence, finance and justice ministers. Finally, Ottawa has ceased granting all export permits for Russia and cancelled existing permits.</div><div class="l-article__part" data-shortcode="readmore"> <p class="c-readmore"> <span class="c-readmore__label"><strong>Read more: </strong></span> <a class="c-readmore__link" href="https://web.archive.org/web/20220225050305/https://globalnews.ca/news/8641948/ukraine-russia-putin-war/" data-track-region="content-read-more" title="Ukraine orders full military mobilization to counter Russian invasion"> Ukraine orders full military mobilization to counter Russian invasion </a> </p> </div> <div class="c-ad c-ad--bigbox l-article__ad c-ad--tallSticky"> <div class="c-ad__label">Story continues below advertisement</div> <div id="gpt-ad-300250-10" class="c-ad__unit" data-ad-pos="10"> </div> <script> if ( typeof( gn_monetize ) !== 'undefined' && typeof( gn_monetize.Ads ) !== 'undefined' && gn_monetize.Ads.initialRequestMade() ) { // Ads script has been loaded, create the ad. gn_monetize.Ads.create( {"sizes":"[300,250]","biddable":true,"id":"gpt-ad-300250-10","lazy":false,"targeting":{"pos":10,"slotid":"gpt-ad-300250-10"},"companion":false} ); } else { // if Ads script not yet loaded, queue up ad data for initialization. var gnAdSettings = gnAdSettings || {}; gnAdSettings.ads = gnAdSettings.ads || []; gnAdSettings.ads.push( {"sizes":"[300,250]","biddable":true,"id":"gpt-ad-300250-10","lazy":false,"targeting":{"pos":10,"slotid":"gpt-ad-300250-10"},"companion":false} ); } </script> </div> <p>“I want to be clear. Our quarrel is not with the people of Russia,” Trudeau said.</p><div class="l-article__part" data-shortcode="tp_video">“It is with President (Vladimir) Putin and Russian leadership that has enabled and supported this further invasion of Ukraine.”<br/> <div class="c-video c-videoPlay " data-iframe-receiver data-autoplay="" data-displayinline-featured="false" data-displayinline-type="video" data-displayinline-player-id="miniplayer_8645092_62185eaf9d10b" data-displayinline-video-id="8645092" data-displayinline-ratio="16:9" data-displayinline="https://globalnews.ca/video/embed/8645092/#autoplay&amp;stickyiframe=miniplayer_8645092_62185eaf9d10b" data-displayinline-sticky="true"> <div class="c-video__inner"> <span class="c-video__placeholder"> <img class="c-video__image" alt="Click to play video: 'How effective are sanctions against Russia?'" width="632" height="356" data-src="https://web.archive.org/web/20220225050305/https://i2.wp.com/media.globalnews.ca/videostatic/news/aim47kmvol-ot564qbr17/0224_jeff.jpg?w=1040&amp;quality=70&amp;strip=all" loading="lazy" srcset="" sizes="" data-srcset="https://web.archive.org/web/20220225050305im_/https://i2.wp.com/media.globalnews.ca/videostatic/news/aim47kmvol-ot564qbr17/0224_jeff.jpg?w=450#038;quality=70&amp;strip=all 450w, https://web.archive.org/web/20220225050305im_/https://i2.wp.com/media.globalnews.ca/videostatic/news/aim47kmvol-ot564qbr17/0224_jeff.jpg?w=720#038;quality=70&amp;strip=all 720w, https://web.archive.org/web/20220225050305im_/https://i2.wp.com/media.globalnews.ca/videostatic/news/aim47kmvol-ot564qbr17/0224_jeff.jpg?w=1040#038;quality=70&amp;strip=all 1040w" data-sizes="(min-width: 1040px) 1040px,(min-width: 720px) 720px,450px"> <span class="c-video__overlay"> <span class="c-video__icon c-videoPlay__icon"> <svg class="c-video__play c-icon c-videoPlay__off"><use xlink:href="https://web.archive.org/web/20220225050305im_/https://globalnews.ca/wp-content/themes/shaw-globalnews/assets/dist/icons/out/symbol/svg/sprite.symbol.svg?v=9l9l8qtcx#play_white"></svg> <svg class="c-video__play c-icon c-videoPlay__on"><use xlink:href="https://web.archive.org/web/20220225050305im_/https://globalnews.ca/wp-content/themes/shaw-globalnews/assets/dist/icons/out/symbol/svg/sprite.symbol.svg?v=9l9l8qtcx#play_red"></svg> </span> <span class="c-video__data"> <time class="c-video__duration">1:51</time> <span class="c-video__title">How effective are sanctions against Russia?</span> </span> </span> </span> </div> </div> <figcaption class="c-video__caption c-caption"> <span class="c-caption__desc">How effective are sanctions against Russia?</span> </figcaption> </div><p>On Tuesday, Trudeau introduced the first round of economic sanctions against Russia, banning Canadians from all financial dealings with the two breakaway Ukrainian regions that Putin recognized on Monday: <a href="https://web.archive.org/web/20220225050305/https://globalnews.ca/news/8636659/explained-what-is-the-history-of-ukraines-separatist-regions/">Donetsk and Luhansk</a>.</p><p>Those sanctions also targeted members of the Russian parliament who voted to recognize the separatist regions, and banned Canadians from engaging in purchases of Russian sovereign debt.</p><div class="l-article__part" data-shortcode="section-heading"> <div class="l-article__sectionHeading c-sectionHeading "> <span class="l-article__sectionAnchor c-sectionHeading__anchor" id="how-will-they-work"></span> <h2 class="c-sectionHeading__title"> How will they work? </h2> </div> </div><p>Foreign Affairs Minister Melanie Joly called Canada’s new sanction package one of the “strongest” to be released recently.</p> <div class="c-ad c-ad--bigbox l-article__ad c-ad--tallSticky"> <div class="c-ad__label">Story continues below advertisement</div> <div id="gpt-ad-300250-11" class="c-ad__unit" data-ad-pos="11" loading="lazy"> </div> <script> if ( typeof( gn_monetize ) !== 'undefined' && typeof( gn_monetize.Ads ) !== 'undefined' && gn_monetize.Ads.initialRequestMade() ) { // Ads script has been loaded, create the ad. gn_monetize.Ads.create( {"sizes":"[300,250]","biddable":true,"id":"gpt-ad-300250-11","lazy":true,"targeting":{"pos":11,"slotid":"gpt-ad-300250-11"},"companion":false} ); } else { // if Ads script not yet loaded, queue up ad data for initialization. var gnAdSettings = gnAdSettings || {}; gnAdSettings.ads = gnAdSettings.ads || []; gnAdSettings.ads.push( {"sizes":"[300,250]","biddable":true,"id":"gpt-ad-300250-11","lazy":true,"targeting":{"pos":11,"slotid":"gpt-ad-300250-11"},"companion":false} ); } </script> </div> <p>Joly said Canada is blocking any exports to Russia that require permits, while also cancelling existing permits and denying any new applications for exports. Joly said the sanctions will impact aerospace and technology companies, including tech companies in the minerals sector.</p><div class="l-article__part" data-shortcode="tp_video"> <div class="c-video c-videoPlay " data-iframe-receiver data-autoplay="" data-displayinline-featured="false" data-displayinline-type="video" data-displayinline-player-id="miniplayer_8643233_62185eaf9da96" data-displayinline-video-id="8643233" data-displayinline-ratio="16:9" data-displayinline="https://globalnews.ca/video/embed/8643233/#autoplay&amp;stickyiframe=miniplayer_8643233_62185eaf9da96" data-displayinline-sticky="true"> <div class="c-video__inner"> <span class="c-video__placeholder"> <img class="c-video__image" alt="Click to play video: 'Russian Ukraine conflict: What is Putin’s end game?'" width="632" height="356" data-src="https://web.archive.org/web/20220225050305/https://i0.wp.com/media.globalnews.ca/videostatic/news/19srrpkbj9-gxx1sbdawt/WEB_BC1_SEBS_FEB_24TH.jpg?w=1040&amp;quality=70&amp;strip=all" loading="lazy" srcset="" sizes="" data-srcset="https://web.archive.org/web/20220225050305im_/https://i0.wp.com/media.globalnews.ca/videostatic/news/19srrpkbj9-gxx1sbdawt/WEB_BC1_SEBS_FEB_24TH.jpg?w=450#038;quality=70&amp;strip=all 450w, https://web.archive.org/web/20220225050305im_/https://i0.wp.com/media.globalnews.ca/videostatic/news/19srrpkbj9-gxx1sbdawt/WEB_BC1_SEBS_FEB_24TH.jpg?w=720#038;quality=70&amp;strip=all 720w, https://web.archive.org/web/20220225050305im_/https://i0.wp.com/media.globalnews.ca/videostatic/news/19srrpkbj9-gxx1sbdawt/WEB_BC1_SEBS_FEB_24TH.jpg?w=1040#038;quality=70&amp;strip=all 1040w" data-sizes="(min-width: 1040px) 1040px,(min-width: 720px) 720px,450px"> <span class="c-video__overlay"> <span class="c-video__icon c-videoPlay__icon"> <svg class="c-video__play c-icon c-videoPlay__off"><use xlink:href="https://web.archive.org/web/20220225050305im_/https://globalnews.ca/wp-content/themes/shaw-globalnews/assets/dist/icons/out/symbol/svg/sprite.symbol.svg?v=9l9l8qtcx#play_white"></svg> <svg class="c-video__play c-icon c-videoPlay__on"><use xlink:href="https://web.archive.org/web/20220225050305im_/https://globalnews.ca/wp-content/themes/shaw-globalnews/assets/dist/icons/out/symbol/svg/sprite.symbol.svg?v=9l9l8qtcx#play_red"></svg> </span> <span class="c-video__data"> <time class="c-video__duration">8:02</time> <span class="c-video__title">Russian Ukraine conflict: What is Putin&#8217;s end game?</span> </span> </span> </span> </div> </div> <figcaption class="c-video__caption c-caption"> <span class="c-caption__desc">Russian Ukraine conflict: What is Putin&#8217;s end game?</span> </figcaption> </div><p>The companies need to have permits to send their goods to Russia, Joly added, saying the permit cancellations are worth more than $700 million.</p><p>“We call on Russia to stop its attack immediately and to return to the path of dialogue and diplomacy,” Joly said.</p> <section id="content-dynamic-trending-stories" class="l-inlineStories l-inlineStories--tile u-hide-tablet-landscape" aria-label="Dynamic trending stories section"> <div class="l-inlineStories__heading"> <span class="l-inlineStories__title c-heading c-heading--strikethrough">Trending Stories</span> </div> <ul class="c-posts c-posts--inline"> <li class="c-posts__item"> <a href="https://web.archive.org/web/20220225050305/https://globalnews.ca/news/8642643/covid-vaccine-canadian-approved/" class="c-posts__inner"> <div class="c-posts__media l-relatedStories__media"> <img class="c-posts__thumbnail" data-src="https://web.archive.org/web/20220225050305/https://globalnews.ca/wp-content/uploads/2022/02/medicago-vaccine.jpg?quality=85&amp;strip=all&amp;w=336&amp;h=224&amp;crop=1" loading="lazy" width="336" height="224" alt=""/> </div> <div class="c-posts__details"> <div class="c-posts__headline "> <span class="c-posts__headlineText" data-title>Medicago&#8217;s Canada-made COVID-19 vaccine approved by Health Canada</span> </div> <div class="c-posts__author"></div> </div> </a> </li> <li class="c-posts__item"> <a href="https://web.archive.org/web/20220225050305/https://globalnews.ca/news/8641948/ukraine-russia-putin-war/" class="c-posts__inner"> <div class="c-posts__media l-relatedStories__media"> <img class="c-posts__thumbnail" data-src="https://web.archive.org/web/20220225050305/https://globalnews.ca/wp-content/uploads/2022/02/RussiaUkrainewardamage-Feb24-AP.jpg?quality=85&amp;strip=all&amp;w=336&amp;h=224&amp;crop=1" loading="lazy" width="336" height="224" alt=""/> </div> <div class="c-posts__details"> <div class="c-posts__headline "> <span class="c-posts__headlineText" data-title>Ukraine orders full military mobilization to counter Russian invasion</span> </div> <div class="c-posts__author"></div> </div> </a> </li> </ul> </section> <p>“This madness has to stop.”</p><p>Joly promised more sanctions will come.</p><div class="l-article__part" data-shortcode="section-heading"> <div class="l-article__sectionHeading c-sectionHeading "> <span class="l-article__sectionAnchor c-sectionHeading__anchor" id="why-are-sanctions-being-imposed"></span> <h2 class="c-sectionHeading__title"> Why are sanctions being imposed? </h2> </div> </div><p>Trudeau said the new sanctions, which are also being imposed on Russian elites, will limit Putin’s “ability to continue funding this unjustified invasion.”</p> <div class="c-ad c-ad--bigbox l-article__ad c-ad--tallSticky"> <div class="c-ad__label">Story continues below advertisement</div> <div id="gpt-ad-300250-12" class="c-ad__unit" data-ad-pos="12" loading="lazy"> </div> <script> if ( typeof( gn_monetize ) !== 'undefined' && typeof( gn_monetize.Ads ) !== 'undefined' && gn_monetize.Ads.initialRequestMade() ) { // Ads script has been loaded, create the ad. gn_monetize.Ads.create( {"sizes":"[300,250]","biddable":true,"id":"gpt-ad-300250-12","lazy":true,"targeting":{"pos":12,"slotid":"gpt-ad-300250-12"},"companion":false} ); } else { // if Ads script not yet loaded, queue up ad data for initialization. var gnAdSettings = gnAdSettings || {}; gnAdSettings.ads = gnAdSettings.ads || []; gnAdSettings.ads.push( {"sizes":"[300,250]","biddable":true,"id":"gpt-ad-300250-12","lazy":true,"targeting":{"pos":12,"slotid":"gpt-ad-300250-12"},"companion":false} ); } </script> </div> <div class="l-article__part" data-shortcode="tp_video">The individual sanctions “will impose severe costs on complicit Russian elites,” he added.<br/> <div class="c-video c-videoPlay " data-iframe-receiver data-autoplay="" data-displayinline-featured="false" data-displayinline-type="video" data-displayinline-player-id="miniplayer_8643847_62185eaf9e9ae" data-displayinline-video-id="8643847" data-displayinline-ratio="16:9" data-displayinline="https://globalnews.ca/video/embed/8643847/#autoplay&amp;stickyiframe=miniplayer_8643847_62185eaf9e9ae" data-displayinline-sticky="true"> <div class="c-video__inner"> <span class="c-video__placeholder"> <img class="c-video__image" alt="Click to play video: 'Russia-Ukraine conflict: Trudeau decries ‘horrific, unprovoked attack’'" width="632" height="356" data-src="https://web.archive.org/web/20220225050305/https://i1.wp.com/media.globalnews.ca/videostatic/news/fl7v67jqvh-f6e9occn16/ONLINE_STILL_TRUDEAU_1.jpg?w=1040&amp;quality=70&amp;strip=all" loading="lazy" srcset="" sizes="" data-srcset="https://web.archive.org/web/20220225050305im_/https://i1.wp.com/media.globalnews.ca/videostatic/news/fl7v67jqvh-f6e9occn16/ONLINE_STILL_TRUDEAU_1.jpg?w=450#038;quality=70&amp;strip=all 450w, https://web.archive.org/web/20220225050305im_/https://i1.wp.com/media.globalnews.ca/videostatic/news/fl7v67jqvh-f6e9occn16/ONLINE_STILL_TRUDEAU_1.jpg?w=720#038;quality=70&amp;strip=all 720w, https://web.archive.org/web/20220225050305im_/https://i1.wp.com/media.globalnews.ca/videostatic/news/fl7v67jqvh-f6e9occn16/ONLINE_STILL_TRUDEAU_1.jpg?w=1040#038;quality=70&amp;strip=all 1040w" data-sizes="(min-width: 1040px) 1040px,(min-width: 720px) 720px,450px"> <span class="c-video__overlay"> <span class="c-video__icon c-videoPlay__icon"> <svg class="c-video__play c-icon c-videoPlay__off"><use xlink:href="https://web.archive.org/web/20220225050305im_/https://globalnews.ca/wp-content/themes/shaw-globalnews/assets/dist/icons/out/symbol/svg/sprite.symbol.svg?v=9l9l8qtcx#play_white"></svg> <svg class="c-video__play c-icon c-videoPlay__on"><use xlink:href="https://web.archive.org/web/20220225050305im_/https://globalnews.ca/wp-content/themes/shaw-globalnews/assets/dist/icons/out/symbol/svg/sprite.symbol.svg?v=9l9l8qtcx#play_red"></svg> </span> <span class="c-video__data"> <time class="c-video__duration">0:56</time> <span class="c-video__title">Russia-Ukraine conflict: Trudeau decries ‘horrific, unprovoked attack’</span> </span> </span> </span> </div> </div> <figcaption class="c-video__caption c-caption"> <span class="c-caption__desc">Russia-Ukraine conflict: Trudeau decries ‘horrific, unprovoked attack’</span> </figcaption> <br/>Since Russia annexed Crimea in 2014, Trudeau said Canada’s trade relationship with the country has decreased significantly. But the sanctions being imposed by Western allies together will have a serious impact, he added.</div><p>“The cumulative impact of the unity in the West in standing strong on these sanctions is going to be significant,” he said.</p><p>“Sanctions work.”</p><div class="l-article__part" data-shortcode="caption"> <figure class="c-figure c-figure--alignnone c-figure--expandable"> <div class="c-figure__inner"> <div class="c-figure__imageWrapper "> <img class="c-figure__image" alt="Ukraine Russia Tensions" src="https://web.archive.org/web/20220225050305im_/https://globalnews.ca/wp-content/uploads/2022/02/RusiaaUkraineShelling-Feb24-Getty.jpg?quality=85&amp;strip=all&amp;w=12&amp;h=12&amp;crop=1" data-src="https://web.archive.org/web/20220225050305/https://globalnews.ca/wp-content/uploads/2022/02/RusiaaUkraineShelling-Feb24-Getty.jpg?quality=85&amp;strip=all&amp;w=1200" srcset="" sizes="" data-srcset="https://web.archive.org/web/20220225050305im_/https://globalnews.ca/wp-content/uploads/2022/02/RusiaaUkraineShelling-Feb24-Getty.jpg?quality=85&amp;strip=all&amp;w=450 450w, https://web.archive.org/web/20220225050305im_/https://globalnews.ca/wp-content/uploads/2022/02/RusiaaUkraineShelling-Feb24-Getty.jpg?quality=85&amp;strip=all&amp;w=720 720w, https://web.archive.org/web/20220225050305im_/https://globalnews.ca/wp-content/uploads/2022/02/RusiaaUkraineShelling-Feb24-Getty.jpg?quality=85&amp;strip=all&amp;w=1200 1200w" data-sizes="(min-width: 1000px) 1200px,(min-width: 520px) 720px,450px" width="7550" height="5033.3333333333" loading="lazy"/> <a href="" title="View image in full screen" class="c-figure__expand c-figure__overlay" data-trackaction="image | open"> <span class="sr-only">View image in full screen</span> <div class="c-figure__maximizeBtn"> <svg class="c-figure__icon c-icon" focusable="false"> <use xlink:href="https://web.archive.org/web/20220225050305im_/https://globalnews.ca/wp-content/themes/shaw-globalnews/assets/dist/icons/out/symbol/svg/sprite.symbol.svg?v=9l9l8qtcx#maximize"></use> </svg> </div> </a> </div> <figcaption class="c-figure__caption c-caption"> <span class="c-caption__desc"> People take photos of damage caused by a rocket on Feb. 24, 2022 in Kyiv, Ukraine. Overnight, Russia began a large-scale attack on Ukraine, with explosions reported in multiple cities and far outside the restive eastern regions held by Russian-backed rebels. </span> <cite class="c-caption__cite"> Chris McGrath/Getty Images </cite> </figcaption> </div> </figure> </div><p>For weeks, western nations have promised devastating sanctions on the Russian economy if Putin launched a military invasion in Ukraine. The tactic has been seen as a way to deter Russia from pursuing further military action against its neighbour.</p> <div class="c-ad c-ad--bigbox l-article__ad c-ad--tallSticky"> <div class="c-ad__label">Story continues below advertisement</div> <div id="gpt-ad-300250-13" class="c-ad__unit" data-ad-pos="13" loading="lazy"> </div> <script> if ( typeof( gn_monetize ) !== 'undefined' && typeof( gn_monetize.Ads ) !== 'undefined' && gn_monetize.Ads.initialRequestMade() ) { // Ads script has been loaded, create the ad. gn_monetize.Ads.create( {"sizes":"[300,250]","biddable":true,"id":"gpt-ad-300250-13","lazy":true,"targeting":{"pos":13,"slotid":"gpt-ad-300250-13"},"companion":false} ); } else { // if Ads script not yet loaded, queue up ad data for initialization. var gnAdSettings = gnAdSettings || {}; gnAdSettings.ads = gnAdSettings.ads || []; gnAdSettings.ads.push( {"sizes":"[300,250]","biddable":true,"id":"gpt-ad-300250-13","lazy":true,"targeting":{"pos":13,"slotid":"gpt-ad-300250-13"},"companion":false} ); } </script> </div> <p>G7 leaders met on Thursday and said in a joint statement they are “bringing forward severe and coordinated economic and financial sanctions” against Russia.</p><p>Among the nations delivering new sanctions is United Kingdom. The U.K. is freezing the assets of all major Russian banks in Britain, including VTB Bank, Russia’s second-biggest bank, Prime Minister Boris Johnson said Thursday. Britain also plans to bar Russian companies and the Russian government from raising money on U.K. markets.</p><p>The U.K. will also ban the export of a wide range of high-tech products, including semiconductors, to Russia and will bar the nation’s flagship airline, Aeroflot, from landing at U.K. airports.</p><div class="l-article__part" data-shortcode="section-heading"> <div class="l-article__sectionHeading c-sectionHeading "> <span class="l-article__sectionAnchor c-sectionHeading__anchor" id="now-is-the-time-for-us-to-be-strong"></span> <h2 class="c-sectionHeading__title"> ‘Now is the time for us to be strong’ </h2> </div> </div><p>Back in Ottawa, Deputy Prime Minister Chrystia Freeland, who is Ukrainian-Canadian, said history will not remember Putin kindly.</p><p>“Today, he cements his place in the ranks of the reviled European dictators who caused such carnage in the 20th century,” she said.</p> <div class="c-ad c-ad--bigbox l-article__ad c-ad--tallSticky"> <div class="c-ad__label">Story continues below advertisement</div> <div id="gpt-ad-300250-14" class="c-ad__unit" data-ad-pos="14" loading="lazy"> </div> <script> if ( typeof( gn_monetize ) !== 'undefined' && typeof( gn_monetize.Ads ) !== 'undefined' && gn_monetize.Ads.initialRequestMade() ) { // Ads script has been loaded, create the ad. gn_monetize.Ads.create( {"sizes":"[300,250]","biddable":true,"id":"gpt-ad-300250-14","lazy":true,"targeting":{"pos":14,"slotid":"gpt-ad-300250-14"},"companion":false} ); } else { // if Ads script not yet loaded, queue up ad data for initialization. var gnAdSettings = gnAdSettings || {}; gnAdSettings.ads = gnAdSettings.ads || []; gnAdSettings.ads.push( {"sizes":"[300,250]","biddable":true,"id":"gpt-ad-300250-14","lazy":true,"targeting":{"pos":14,"slotid":"gpt-ad-300250-14"},"companion":false} ); } </script> </div> <p>Canada is home to the third most populous Ukrainian community outside the two countries embroiled in the ongoing conflict.</p><div class="l-article__part" data-shortcode="tp_video"> <div class="c-video c-videoPlay " data-iframe-receiver data-autoplay="" data-displayinline-featured="false" data-displayinline-type="video" data-displayinline-player-id="miniplayer_8643870_62185eaf9f69f" data-displayinline-video-id="8643870" data-displayinline-ratio="16:9" data-displayinline="https://globalnews.ca/video/embed/8643870/#autoplay&amp;stickyiframe=miniplayer_8643870_62185eaf9f69f" data-displayinline-sticky="true"> <div class="c-video__inner"> <span class="c-video__placeholder"> <img class="c-video__image" alt="Click to play video: 'Freeland appeals to Ukrainian-Canadians amid Russian attack: ‘Now is the time for us to be strong’'" width="632" height="356" data-src="https://web.archive.org/web/20220225050305/https://i0.wp.com/media.globalnews.ca/videostatic/news/xs6e811g8x-rf140hf82j/ONLINE_STILL_FREELAND.jpg?w=1040&amp;quality=70&amp;strip=all" loading="lazy" srcset="" sizes="" data-srcset="https://web.archive.org/web/20220225050305im_/https://i0.wp.com/media.globalnews.ca/videostatic/news/xs6e811g8x-rf140hf82j/ONLINE_STILL_FREELAND.jpg?w=450#038;quality=70&amp;strip=all 450w, https://web.archive.org/web/20220225050305im_/https://i0.wp.com/media.globalnews.ca/videostatic/news/xs6e811g8x-rf140hf82j/ONLINE_STILL_FREELAND.jpg?w=720#038;quality=70&amp;strip=all 720w, https://web.archive.org/web/20220225050305im_/https://i0.wp.com/media.globalnews.ca/videostatic/news/xs6e811g8x-rf140hf82j/ONLINE_STILL_FREELAND.jpg?w=1040#038;quality=70&amp;strip=all 1040w" data-sizes="(min-width: 1040px) 1040px,(min-width: 720px) 720px,450px"> <span class="c-video__overlay"> <span class="c-video__icon c-videoPlay__icon"> <svg class="c-video__play c-icon c-videoPlay__off"><use xlink:href="https://web.archive.org/web/20220225050305im_/https://globalnews.ca/wp-content/themes/shaw-globalnews/assets/dist/icons/out/symbol/svg/sprite.symbol.svg?v=9l9l8qtcx#play_white"></svg> <svg class="c-video__play c-icon c-videoPlay__on"><use xlink:href="https://web.archive.org/web/20220225050305im_/https://globalnews.ca/wp-content/themes/shaw-globalnews/assets/dist/icons/out/symbol/svg/sprite.symbol.svg?v=9l9l8qtcx#play_red"></svg> </span> <span class="c-video__data"> <time class="c-video__duration">0:53</time> <span class="c-video__title">Freeland appeals to Ukrainian-Canadians amid Russian attack: ‘Now is the time for us to be strong’</span> </span> </span> </span> </div> </div> <figcaption class="c-video__caption c-caption"> <span class="c-caption__desc">Freeland appeals to Ukrainian-Canadians amid Russian attack: ‘Now is the time for us to be strong’</span> </figcaption> </div><p>During her speech, Freeland spoke directly to Ukrainian-Canadians and urged them to be together during this time.</p><p>“Now is the time for us to be strong as we support our friends and family in Ukraine. Now is the time for us to remember,” she said.</p><p>During the announcement, officials said Canada has arranged for the safe passage of any Canadian citizens, permanent residents and their families still in Ukraine through land borders with Poland, Slovakia, Hungary, Romania and Moldova.</p><p>The federal government is also prioritizing immigration applications for Ukrainians who want to come to Canada, and is launching a dedicated telephone line for anyone who has any urgent questions about immigrating from Ukraine.</p> <div class="c-ad c-ad--bigbox l-article__ad c-ad--tallSticky"> <div class="c-ad__label">Story continues below advertisement</div> <div id="gpt-ad-300250-15" class="c-ad__unit" data-ad-pos="15" loading="lazy"> </div> <script> if ( typeof( gn_monetize ) !== 'undefined' && typeof( gn_monetize.Ads ) !== 'undefined' && gn_monetize.Ads.initialRequestMade() ) { // Ads script has been loaded, create the ad. gn_monetize.Ads.create( {"sizes":"[300,250]","biddable":true,"id":"gpt-ad-300250-15","lazy":true,"targeting":{"pos":15,"slotid":"gpt-ad-300250-15"},"companion":false} ); } else { // if Ads script not yet loaded, queue up ad data for initialization. var gnAdSettings = gnAdSettings || {}; gnAdSettings.ads = gnAdSettings.ads || []; gnAdSettings.ads.push( {"sizes":"[300,250]","biddable":true,"id":"gpt-ad-300250-15","lazy":true,"targeting":{"pos":15,"slotid":"gpt-ad-300250-15"},"companion":false} ); } </script> </div> <div class="l-article__part" data-shortcode="caption"> <figure class="c-figure c-figure--alignnone c-figure--expandable"> <div class="c-figure__inner"> <div class="c-figure__imageWrapper "> <img class="c-figure__image" alt="Ukraine Russia tensions" src="https://web.archive.org/web/20220225050305im_/https://globalnews.ca/wp-content/uploads/2022/02/russia-ukraine-invasion-2.jpg?quality=85&amp;strip=all&amp;w=12&amp;h=12&amp;crop=1" data-src="https://web.archive.org/web/20220225050305/https://globalnews.ca/wp-content/uploads/2022/02/russia-ukraine-invasion-2.jpg?quality=85&amp;strip=all" srcset="" sizes="" data-srcset="https://web.archive.org/web/20220225050305im_/https://globalnews.ca/wp-content/uploads/2022/02/russia-ukraine-invasion-2.jpg?quality=85&amp;strip=all&amp;w=450 450w, https://web.archive.org/web/20220225050305im_/https://globalnews.ca/wp-content/uploads/2022/02/russia-ukraine-invasion-2.jpg?quality=85&amp;strip=all&amp;w=720 720w, https://web.archive.org/web/20220225050305im_/https://globalnews.ca/wp-content/uploads/2022/02/russia-ukraine-invasion-2.jpg?quality=85&amp;strip=all 1200w" data-sizes="(min-width: 1000px) 1200px,(min-width: 520px) 720px,450px" width="1024" height="683" loading="lazy"/> <a href="" title="View image in full screen" class="c-figure__expand c-figure__overlay" data-trackaction="image | open"> <span class="sr-only">View image in full screen</span> <div class="c-figure__maximizeBtn"> <svg class="c-figure__icon c-icon" focusable="false"> <use xlink:href="https://web.archive.org/web/20220225050305im_/https://globalnews.ca/wp-content/themes/shaw-globalnews/assets/dist/icons/out/symbol/svg/sprite.symbol.svg?v=9l9l8qtcx#maximize"></use> </svg> </div> </a> </div> <figcaption class="c-figure__caption c-caption"> <span class="c-caption__desc"> An armoured vehicle passes a police post in the town of Armyansk in northern Crimea. Early on February 24, President Putin announced a special military operation to be conducted by the Russian Armed Forces in response to appeals for help from the leaders of the Donetsk and Lugansk People&#8217;s Republics. </span> <cite class="c-caption__cite"> Sergei MalgavkoTASS via Getty Images </cite> </figcaption> </div> </figure> <br/> <div class="c-video c-videoPlay " data-iframe-receiver data-autoplay="" data-displayinline-featured="false" data-displayinline-type="video" data-displayinline-player-id="miniplayer_8645059_62185eafa0448" data-displayinline-video-id="8645059" data-displayinline-ratio="16:9" data-displayinline="https://globalnews.ca/video/embed/8645059/#autoplay&amp;stickyiframe=miniplayer_8645059_62185eafa0448" data-displayinline-sticky="true"> <div class="c-video__inner"> <span class="c-video__placeholder"> <img class="c-video__image" alt="Click to play video: 'Western allies slam Russia with ‘severe’ sanctions amid Ukraine invasion'" width="632" height="356" data-src="https://web.archive.org/web/20220225050305/https://i0.wp.com/media.globalnews.ca/videostatic/news/4z1qmqpl5b-lnvul0v48a/0224_jackson.jpg?w=1040&amp;quality=70&amp;strip=all" loading="lazy" srcset="" sizes="" data-srcset="https://web.archive.org/web/20220225050305im_/https://i0.wp.com/media.globalnews.ca/videostatic/news/4z1qmqpl5b-lnvul0v48a/0224_jackson.jpg?w=450#038;quality=70&amp;strip=all 450w, https://web.archive.org/web/20220225050305im_/https://i0.wp.com/media.globalnews.ca/videostatic/news/4z1qmqpl5b-lnvul0v48a/0224_jackson.jpg?w=720#038;quality=70&amp;strip=all 720w, https://web.archive.org/web/20220225050305im_/https://i0.wp.com/media.globalnews.ca/videostatic/news/4z1qmqpl5b-lnvul0v48a/0224_jackson.jpg?w=1040#038;quality=70&amp;strip=all 1040w" data-sizes="(min-width: 1040px) 1040px,(min-width: 720px) 720px,450px"> <span class="c-video__overlay"> <span class="c-video__icon c-videoPlay__icon"> <svg class="c-video__play c-icon c-videoPlay__off"><use xlink:href="https://web.archive.org/web/20220225050305im_/https://globalnews.ca/wp-content/themes/shaw-globalnews/assets/dist/icons/out/symbol/svg/sprite.symbol.svg?v=9l9l8qtcx#play_white"></svg> <svg class="c-video__play c-icon c-videoPlay__on"><use xlink:href="https://web.archive.org/web/20220225050305im_/https://globalnews.ca/wp-content/themes/shaw-globalnews/assets/dist/icons/out/symbol/svg/sprite.symbol.svg?v=9l9l8qtcx#play_red"></svg> </span> <span class="c-video__data"> <time class="c-video__duration">2:02</time> <span class="c-video__title">Western allies slam Russia with &#8216;severe&#8217; sanctions amid Ukraine invasion</span> </span> </span> </span> </div> </div> <figcaption class="c-video__caption c-caption"> <span class="c-caption__desc">Western allies slam Russia with &#8216;severe&#8217; sanctions amid Ukraine invasion</span> </figcaption> <br/>Joly, meanwhile, highlighted the Russian aggression over the past few weeks that led up to the invasion of Ukraine.</div><p>She said Russia “lied,” had been gearing up for this moment, and cannot hold anyone accountable but itself.</p><p>“Russia is solely responsible for this crisis. They have chosen deception, intimidation and a manufactured crisis based on lies and false flag operations,” she said.</p><p>“Today, the Russian regime is challenging the world order that has kept (us) safe since the Second World War.”</p><p><em>— with files from <a href="https://web.archive.org/web/20220225050305/https://globalnews.ca/author/ahmar-khan/" target="_blank" rel="noopener">Ahmar Khan</a>, The Canadian Press and The Associated Press.</em></p> <!-- Copyright --> <div class="l-article__copyright"> <div class="c-copyright"> &copy; 2022 Global News, a division of Corus Entertainment Inc. </div> </div> </article> <div class="l-main__articleDetails l-article__footer"> <div id="content-feedback" class="l-main__feedback"> <div class="l-main__feedbackInner"> <a class="l-main__feedbackLink c-iconLink" href="/web/20220225050305/https://globalnews.ca/pages/principles-practices/"> <img class="c-iconLink__icon c-iconLink__icon--shield c-iconLink__icon--initial" 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