Canada sanctions Russia's energy and military sectors

Canada has imposed a new round of sanctions on Russia, targeting its military-industrial complex, energy revenues, and the so-called shadow fleet used to circumvent oil embargoes. The measures, announced by Prime Minister Mark Carney on Tuesday, June 16, 2026, during the G7 summit in Évian-les-Bains, France, affect more than 162 individuals, entities, and vessels.

The announcement followed a bilateral meeting with Ukrainian President Volodymyr Zelenskyy. Carney stated the sanctions are aimed at assets of the Russian war machine and are part of a continued effort to pressure Moscow to negotiate a just and lasting peace for Ukraine and Europe. The latest actions bring the total number of individuals, entities, and vessels targeted by Canadian sanctions in recent months to over 3,000 and 600, respectively.

A notable inclusion in the sanctions list is the New Zealand-based insurance firm Maritime Mutual. Western governments have accused the company of facilitating tens of billions of dollars in trade of Iranian and Russian oil. Britain had previously sanctioned the same firm in February.

In a swift retaliatory move, the Russian Foreign Ministry published a list of 103 Canadian...