Baker McKenzie’s Global Compliance News Blog published “Canada Introduces An Import and Export Ban on the Trade of Certain Luxury Goods with Russia, Prohibits the Export of Goods With Use in Weapons Manufacturing and Designates 14 Additional Russian Individuals,” which can be viewed here.
On March 2, 2022, the Canadian government issued an order removing Most Favoured Nation status from Russia and Belarus. The measure comes as a further response to Russia’s invasion of Ukraine and support provided by Belarus. The effect of the withdrawal of Most-Favoured-Nation status from Russia and Belarus is that the duty rate on goods from these jurisdictions will increase to 35% (the General Tariff rate). This measure comes in addition to several trade measures…