Canada to ban imports of crude oil from Russia

5 March 2022

Canadian Prime Minister Justin Trudeau has announced a ban on Russian oil imports following the country's invasion of Ukraine.

Mr Trudeau said oil revenues have helped to prop up President Vladimir Putin and Russian oligarchs.

Coordinated Western sanctions against Russia have targeted its banks but still accept its oil and gas exports.

Unlike Europe, Canada is not heavily reliant on Russia's oil exports.

"While Canada has imported very little amounts in recent years, this measure sends a powerful message," Mr Trudeau told a news conference.

Canada imported just C$289m (£170m) worth of energy products in 2021, according to Statistics Canada.

Canada is the world's fourth largest producer of oil.

Reference link : https://www.bbc.com/news/business-60564781#:~:text=Canadian%20Prime%20Minister%20Justin%20Trudeau,the%20country's%20invasion%20of%20Ukraine

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