OTTAWA: In a symbolic move, Canada government has announced to ban imports of crude oil from Russia in response to Russia’s attack on Ukraine.
The Minister of Natural Resources Jonathan Wilkinson, announced the Government of Canada will ban crude oil imports from Russia. According to the Canada Energy Regulator, Canada does not currently import any crude oil from Russia, and has not since 2019. The new ban will ensure this remains the case going forward. Once approved, this ban will be effective until further notice.
He said that they are also taking steps to identify additional petroleum products that may be included in this ban.
Canada will continue to monitor the supply situation closely with partner International Energy Agency countries and, if necessary, are prepared to act jointly to maintain security of supply in energy markets.
“President Putin’s actions blatantly violate international law and threaten international peace and security. In response, we intend to ban crude oil imports from Russia. We continue to do everything we can to support Ukraine and are united with allies in holding Russia to account for its unprovoked and unjustified invasion.” Minister of Natural Resources said.