Canada sanctions 62 Russian individuals and entities targeting missile production and financial networks

OTTAWA, Nov. 9, 2026 — Canadian Foreign Minister Anita Anand announced the measures during the G7 foreign ministers’ meeting in Paris, as Ottawa seeks to disrupt Russia’s military supply chains and increase the economic costs of its invasion of Ukraine. The sanctions were introduced under the Special Economic Measures (Russia) Regulations and entered into force on Nov. 5.

The designations target companies involved in developing and supplying ballistic missile technology, alongside financial institutions, cryptocurrency platforms and maritime networks accused of facilitating Russia’s war economy. Among the newly sanctioned entities are EXMO Exchange Limited, Rapira Group LLC, Aifory LLC, Ozon Bank, Yandex Bank, Wildberries Bank and the National Settlement Depository. Defence-related designations include Votkinskiy Zavod JSC, Kamensky Combine and the Khrunichev State Research and Production Space Center.

The measures impose asset freezes and dealings prohibitions, restricting Canadians and persons in Canada from conducting transactions involving designated individuals or entities, making property available to them or providing financial services for their benefit. The regulatory amendments also introduce a limited exception permitting financial services required to obtain legal services for sanctioned vessels in connection with the application of the Russia sanctions regulations.

Anand said the sanctions were intended to undermine Russian President Vladimir Putin’s ability to launch missile attacks against Ukrainian cities. Canada said it would continue working with international partners to restrict the networks sustaining Russia’s military operations and increase pressure on Moscow to end the conflict.

Since 2014, Canada has sanctioned more than 3,500 individuals and entities and over 700 vessels in connection with violations of Ukraine’s sovereignty and territorial integrity and serious human rights abuses.