Canada has now joined the US, UK, EU, and others in imposing a range of economic sanctions against Russia.
Prime Minister Justin Trudeau described Moscow’s recent actions in Ukraine as “a further invasion of a sovereign state”.
“We will ban Canadians from engaging in purchases of Russian sovereign debt. And we will apply additional sanctions on to state-backed Russian banks and prevent any financial dealings with them,” Trudeau said.
He added that Canada would ban its nationals from all financial dealings with the two rebel-held territories in eastern Ukraine, which Moscow recognized as independent states on Monday.
Trudeau said Russian lawmakers who had backed that decision would also be sanctioned.
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