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The amendments restructure Schedule 1 of the Special Economic Measures (Belarus) Regulations, adding a new Part 1.1 for individuals and expanding Part 2 for entities: 19 individuals and 25 entities in total. They also broaden the definitions of associates, family members and controlled entities, and amend paragraphs 3.1(b), 3.2(b) and 3.3(a) on Belarusbank and Belarus-controlled entities. The regulatory impact statement states the aims as imposing costs on Belarus for supporting Russia's invasion of Ukraine, affirming non-recognition of the LNR/DNR, and aligning with allies.
Sectors named in the impact statement, with the entities it lists:
Canada, itself a major potash producer, formally bars Canadian-nexus dealings with them.
to Canada.