Canada strengthens oil price cap measures to curb Russian war revenues



The Honourable Anita Anand, Minister of Foreign Affairs, and the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, today announced amendments to the Special Economic Measures (Russia) Regulations to further reduce revenues flowing to Russia from its oil exports. These amendments follow a commitment made by Canada on August 8, 2025, to lower the price cap for Russian oil, after the European Union and the United Kingdom announced similar measures.



Source link

  • Related Posts

    Higher, lower or hold? Bank of Canada says direction for key rate is up in the air

    Bank of Canada governor Tiff Macklem spoke after the rate announcement, where he offered rare insight into the variety of directions the policy rate could go from here. The Bank…

    Calgary and its city manager agree to part ways as search begins for replacement

    CALGARY — Calgary is on the hunt for a new city manager. City council and chief administrative officer David Duckworth have agreed to part ways. Duckworth has been in the…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Constance Review (Switch eShop) | Nintendo Life

    Constance Review (Switch eShop) | Nintendo Life

    Carney government eyes privatizing airports to attract investment, cut travel costs

    Carney government eyes privatizing airports to attract investment, cut travel costs

    Higher, lower or hold? Bank of Canada says direction for key rate is up in the air

    Higher, lower or hold? Bank of Canada says direction for key rate is up in the air

    General Motors says it will spend $691 million on St. Catharines, Ont., engine plant

    General Motors says it will spend $691 million on St. Catharines, Ont., engine plant

    Video shows moment Secret Service officer fired at correspondents’ dinner suspect

    Video shows moment Secret Service officer fired at correspondents’ dinner suspect

    Live Updates: A Divided Fed Holds Rates Steady

    Live Updates: A Divided Fed Holds Rates Steady