Canada has imposed a new round of sanctions on Russia, targeting the defence industrial base, ballistic missile developers, cyber actors, and financial enablers including cryptocurrency exchanges. The measures were announced by Foreign Affairs Minister Anita Anand on the margins of the G7 Foreign Ministers’ Meeting in Paris on 9 November 2026 .
“Canada is taking action to undermine Putin’s capacity to strike Ukrainian cities with its missiles,” Anand said. “We remain steadfast in our support for Ukraine and will continue to impose costs on Russia until it ends its aggression and respects Ukraine’s sovereignty and territorial integrity.”
Since 2014, Canada has sanctioned more than 3,500 individuals and entities and over 700 vessels linked to the violation of Ukraine’s sovereignty and territorial integrit .
Full List of Sanctioned Entities (Юридические лица)
According to reporting on the official Canadian government list, the 38 entities include:
Financial Institutions and Crypto Exchanges
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Ozon Bank (ООО «ОЗОН БАНК»)
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Wildberries Bank (ООО «Вайлдберриз Банк»)
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Yandex Bank (ООО «Яндекс Банк»)
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National Settlement Depository (Национальный расчетный депозиторий, НРД)
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EXMO Exchange Limited (криптобиржа EXMO)
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Rapira Group (криптобиржа, Грузия)
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Aifory (криптобиржа, Грузия)
Defence and Industrial Enterprises
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Votkinsk Plant (Воткинский завод) — manufacturer of Iskander-M ballistic missiles
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Morozov Plant (Завод имени Морозова)
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Kamensky Combine (Каменский комбинат)
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Khrunichev State Research and Production Space Center (Государственный космический научно-производственный центр имени Хруничева)
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Tyazhmash (АО «Тяжмаш»)
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Altai Research and Production Center (научно-производственный центр «Алтай»)
Radio-Electronics and Microelectronics
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Mikron (АО «Микрон»)
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Pulsar Research and Production Enterprise (НПП «Пульсар»)
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Svetlana-Electronpribor (АО «Светлана-Электронприбор»)
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Submikron Research Institute (НИИ «Субмикрон»)
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Kremniy EL Group (Группа «Кремний ЭЛ»)
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Engels Instrument-Making Association “Signal” (Энгельсское приборостроительное объединение «Сигнал»)
Sanctioned Individuals (Физические лица)
The 24 individuals include directors of sanctioned defence enterprises and suspected GRU officers linked to cyber operations:
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Igor Churbanov (Игорь Чурбанов) — head of the Votkinsk Plant
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Ivan Kasyanenko (Иван Касьяненко) — suspected GRU officer
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Roman Puntus (Роман Пунтус) — suspected GRU officer
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Dmitry Voronov (Дмитрий Воронов) — suspected GRU officer
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Evgeny Bashev (Евгений Башев) — suspected GRU officer
According to investigators, the four GRU officers are linked to the 29155 unit, a hacker group known for sabotage and special operations in Europe.
Strategic Focus
The sanctions target “elements of Russia’s defence industrial base, including actors involved in ballistic missile technology development and Russia’s cyber activities,” according to Global Affairs Canada. The measures also aim to “raise the economic costs of Russia’s war against Ukraine by targeting financial enablers, including crypto exchanges, that help sustain Russia’s war economy.”
Canada, together with its allies, remains committed to increasing pressure on those who enable Russia’s war machine and to working with international partners to advance a just and lasting peace consistent with the principles of the UN Charter.
