EU and Canada's New Sanctions, July 2014

Sanctions of European Union
On July 25, 2014 the European Union expanded sanctions against Russia owing to recent developments in Ukraine.

However, as in the case of the previous sanctions, for the time being they are basically “targeted” and not related to industrial sectors. It is anticipated that sector-wide sanctions, which should have a more perceptible impact on business, will be adopted by the end of July. (...)

 

Sanctions of Canada
Unlike the European Union, Canada has imposed more stringent sanctions, which already affect the financial sector today, and also the defense industry and energy sector. (...)