America News Agency

Canada has adopted new sanctions to limit Russia's military capabilities and increase the economic cost of its attacks against Ukraine.

Canadian Foreign Minister Anita Anand announced during the G7 Foreign Ministers' Meeting in Paris that 38 entities and 24 individuals had been added to the sanctions list under the Special Economic Measures (Russia) Regulations.

The new sanctions aim to reduce Russia's military capabilities by targeting various components of its defense industry. These measures include actors involved in the development of ballistic missile technologies, as well as individuals and entities linked to Russia's cyber activities.

The sanctions also include measures against financial intermediaries supporting Russia's war economy, including cryptocurrency exchanges.

Canadian Foreign Minister Anita Anand stated that Canada was taking action to weaken Russia's ability to target civilian settlements in Ukraine with missiles. She emphasized that sanctions would remain in place until Russia ends its aggression and respects Ukraine's sovereignty and territorial integrity.

According to data from Canada's Department of Foreign Affairs, since 2014 Canada has imposed sanctions on more than 3,500 individuals and entities involved in violating Ukraine's sovereignty and territorial integrity or in serious and systematic human rights violations, as well as on more than 700 vessels.