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sa¹ú¼Ê´«Ã½ bans Russian steel, aluminum imports as part of sanctions regime

OTTAWA — sa¹ú¼Ê´«Ã½ is banning the import of Russian steel and aluminum as part of its sanctions regime. Deputy Prime Minister Chrystia Freeland says this will help undermine Moscow's ongoing invasion of Ukraine.
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Minister of Finance and Deputy Prime Minister Chrystia Freeland appears as a witness at a Senate committee on national finance in Ottawa on Wednesday, Dec. 7, 2022. sa¹ú¼Ê´«Ã½ is banning the import of Russian steel and aluminum as part of its sanctions regime. THE CANADIAN PRESS/Sean Kilpatrick

OTTAWA — sa¹ú¼Ê´«Ã½ is banning the import of Russian steel and aluminum as part of its sanctions regime.

Deputy Prime Minister Chrystia Freeland says this will help undermine Moscow's ongoing invasion of Ukraine.

The Department of Industry says sa¹ú¼Ê´«Ã½ imported $208 million in steel products from Russia in 2021 and $79 million last year.

sa¹ú¼Ê´«Ã½ also imported $44 million in aluminum from Russia in 2021, followed by $16 million last year.

Russia's trade with sa¹ú¼Ê´«Ã½ plummeted in the first 10 months after Moscow's invasion of Ukraine a year ago, with a 78 per cent per cent drop in exports from the same period one year prior.

Ottawa's economic measures already bar the export of everything from forklifts to barbers' chairs, unless Canadian businesses convince the Liberal cabinet to issue exemptions.

This report by The Canadian Press was first published March 10, 2023.

The Canadian Press