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SOR/2024-32 is one round in the same recurring series of Special Economic Measures (Russia) Regulations amendments as the later 2025-02-21 (SOR/2025-33), 2025-06-13 (SOR/2025-142/143) and 2025-11-12 (SOR/2025-228) filings already in this register — Canada has used this instrument since 2014 to build out its Russia sanctions list, timed here to the two-year anniversary of the full-scale invasion. It was registered and came into force on 2024-02-21; Global Trade Alert logged the corresponding state act the same day, so announced_date and effective_date are both set to the registration date.
Two mechanisms in one regulation, per the Gazette regulatory impact statement:
1. Designations (Schedule 1) — 10 individuals (including figures tied to sanctions-evasion networks) and 153 entities, predominantly Russian organizations involved in military-industrial production, logistics, insurance and oil-sector support, added to the dealing/asset-freeze list. 2. Export goods list (Schedule 7) — five new HS-coded categories banned for export to Russia or Russian persons: explosives and pyrotechnic products (HS 36); data-processing units and components (HS 8471.50, 8471.80); ball and roller bearings (HS 8482.10/20/30/50); semiconductor manufacturing equipment (HS 8486.10/20/40); and optical/navigational instruments (HS 9013, 9014, 9027, 9030 subheadings) — dual-use precision components with military-industrial application.
Severity is set at 3 (quant basis), anchored on the Gazette's own counts: 163 persons added to Schedule 1 in a single amending regulation, plus five new HS-coded export-ban categories. That is a larger single listing round than the February 2025 Canadian round already in this register (32 individuals, 44 entities), but it is still one incremental amendment to an already-large, multi-year cumulative Canadian Russia sanctions list rather than a first-of-kind or economy-wide measure — consistent with the severity-3 rating given to the sibling filings in this series. The Gazette also documents the cumulative effect of the regime on the specific export goods list: Canadian exports of the now-restricted HS categories to Russia fell from CAD 9.2 million (2021) to CAD 60,000 (2023), over 80% down from pre-invasion levels — cited here as context for the regime's trajectory, not as an input to this action's own severity score.
later 2025 rounds already filed in this register, widening the pool of entities Canadian persons and financial institutions must screen against.
the EU/US dual-use control lists on semiconductor manufacturing equipment and precision optical/navigation components — narrowing residual third-country sourcing options for Russian military-industrial users.
2025 Canadian rounds already filed (would indicate re-designation after evasion, not new targets).