Regulations Amending the Special Economic Measures (Russia) Regulations

Whereas the Governor in Council is of the opinion that the actions of the Russian Federation constitute a grave breach of international peace and security that has resulted or is likely to result in a serious international crisis;

Therefore, His Excellency the Governor General in Council, on the recommendation of the Minister of Foreign Affairs, pursuant to subsections 4(1) to (3) of the Special Economic Measures Act, makes the annexed Regulations Amending the Special Economic Measures (Russia) Regulations.

S.C. 1992, c. 17

Amendments

1. Paragraph 2(d) of the Special Economic Measures (Russia) Regulations is replaced by the following:

(d) an entity owned or controlled by, or acting on behalf of, a person described in paragraph (a), (b) or (c); or

2. Part 1 of Schedule 1 to the Regulations is amended by adding the following after item 91:

  1. Eduard IOFFE
  2. Aleksander OMELCHENKO

3. Part 2 of Schedule 1 to the Regulations is amended by adding the following after item 45:

  1. Inresbank OAO (also known as Investment Republic Bank LLC)
  2. PAO Mosoblbank (also known as Moskovskiy Oblatstnoy Bank)
  3. OAO Volgogradneftemash
  4. Izhevsky Mekhanichesky Zavod JSC
  5. JSP SPA Izhmash
  6. Joint Stock Company Foreign Economic Association Tekhnopromexport (also known as JSC Tekhnopromexport)
  7. Technodinamica Holding, JSC
  8. JSC Tecmash (also known as Tehmash)
  9. Ruselectronics, JSC
  10. Shvabe Holding, JSC

Application Prior to Publication

4. For the purpose of paragraph 11(2)(a) of the Statutory Instruments Act, these Regulations apply before they are published in the Canada Gazette.

Coming Into Force

5. These Regulations come into force on the day on which they are registered.