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Canada shuts ports to Russian ships in widening sanctions over Ukraine invasion

Economy1 hour ago (Mar 01, 2022 04: 01PM ET)

© Reuters. FILE PHOTO: Cargo ships with their transport containers are seen in the Port of Montreal in Montreal, Quebec, Canada, Might possibly presumably possibly 6, 2021. REUTERS/Christinne Muschi/File Portray

By Alexander Schummer

TORONTO (Reuters) -Canada has determined to shut its ports to Russian-owned ships later this week in accordance with Moscow’s invasion of Ukraine, Transport Minister Omar Alghabra acknowledged on Tuesday.

Canada has taken a chain of measures, alongside side imposing sanctions on Russian President Vladimir Putin, closing Canadian airspace to Russian planes, and forbidding Canadian monetary institutions from going thru the Russian central bank as half of Western nations’ strikes to isolate Russia.

“Russia must be held in management of its invasion of Ukraine,” Alghabra acknowledged. “This day, we’re taking steps to complete Canadian waters and ports to Russian-owned or registered ships. We are able to proceed to recall streak to face with Ukraine,” he added.

On Monday, Top Minister Justin Trudeau banned imports of Russian .

Canada imported C$2.14 billion ($1.68 billion) price of products from Russia in 2021, Statistics Canada recordsdata showed, with metals and minerals among the most dear categories. Varied products incorporated chemical substances, plastics and rubber.

Alghabra acknowledged while the different of Russian ships entering Canadian waters and ports is “diminutive,” this might well occasionally silent private an “impact,” in particular with other countries following the identical measures.

Russia represents decrease than 2% of Port of Montreal’s annual containerized volumes, and the ban can private limited industrial impact, a port spokesperson acknowledged.

($1 = 1.2738 Canadian dollars)

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