The federal government has imposed a banking ban against the Russian Central Bank.
On Twitter, Prime Minister Justin Trudeau said “all Canadian financial institutions are prohibited from engaging in transactions with the Russian Central Bank”.
The move intends to eliminate Russia’s ability to deploy it’s international currency reserves and it will further restricting Vladimir Putin’s ability to finance “his war of choice”.
Canada joins its G7 partners in this action.
Trudeau said they will continue to work closely and hold Russia accountable for its unjustified invasion of Ukraine.
Effective immediately, all Canadian financial institutions are prohibited from engaging in transactions with the Russian Central Bank – eliminating its ability to deploy Russia’s international currency reserves and further restricting Putin’s ability to finance his war of choice.
— Justin Trudeau (@JustinTrudeau) February 28, 2022
