---
title: "Canada Imposes New Sanctions Package Against Russia: 38 Entities and 24 Individuals Added, Focusing on Missile Capabilities and Crypto Exchanges"
description: "Canada has introduced a new package of sanctions against Russia, adding 38 organizations and 24 individuals to the lists. The restrictions aim to reduce Russia's missile potential and exert pressure through cryptocurrency exchanges."
date: 2026-11-09T13:42:27.690Z
lang: en
url: https://xab.info/en/posts/canada-new-sanctions-against-russia-missile-potential
tags: [canada, sanctions, russia, ukraine, missile-potential, cryptocurrency, ananda-anand]
author: "Marina Slivenko"
publisher: "XAB.info"
---

# Canada Imposes New Sanctions Package Against Russia: 38 Entities and 24 Individuals Added, Focusing on Missile Capabilities and Crypto Exchanges

![Canadian Foreign Minister Anita Anand speaks in front of a blue geometric background](https://xab.info/media/2026/11/09/kanada-novye-sanktsii-protiv-rossii-raketny-potentsial/kanada-novye-sanktsii-protiv-rossii-raketny-potentsial-1.webp)

## Key Points

- Canada has added 38 organizations and 24 individuals to its sanctions lists
- The key goal of the package is to reduce Russia's missile capabilities
- Restrictions target cryptocurrency exchanges supporting the "war economy"
- Since 2014, Canada has imposed sanctions on over 3,500 individuals and entities and 700+ vessels
- Ottawa is concurrently deepening cooperation with the EU and joining a €90 billion loan to Ukraine

The Government of Canada has announced a new package of restrictive measures against Russia. As reported by RBC-Ukraine citing a cabinet press release, an additional 38 organizations and 24 individuals have been added to the sanctions lists. Canadian Foreign Minister Anita Anand stated this, emphasizing that Ottawa "steadily supports Ukraine" and will continue to increase pressure on the Russian Federation until it stops its aggression and respects the sovereignty and territorial integrity of Ukraine.

### Priority: Reducing Missile Capabilities

According to Anita Anand's statement, the key objective of the new package of restrictions is to weaken Moscow's ability to launch missile strikes on Ukrainian cities. The press release explicitly states that Canada is taking measures aimed at reducing Russia's missile potential. This means that the sanctioned list likely includes enterprises and individuals involved in the production, supply of components, or maintenance of missile systems. This approach aligns with the overall strategy of Western partners, who have systematically targeted supply chains for the Russian military-industrial complex since 2022.

### Targeting Financial Instruments and Crypto Exchanges

In addition to direct restrictions on specific organizations and individuals, the new package aims to increase Russia's economic losses by targeting financial instruments. Notably, the press release mentions cryptocurrency exchanges which, according to the Canadian government's assessment, help sustain the so-called "war economy." This indicates that Ottawa views crypto infrastructure as one of the channels through which Russia bypasses traditional sanctions barriers and finances military expenditures. While a similar approach has been applied by several other jurisdictions, this is one of the first times Canada has explicitly named crypto exchanges in an official sanctions document.

### Cumulative Effect: Over 3,500 Sanctions Since 2014

The new package is not an isolated step. According to the Canadian government, since 2014 Ottawa has imposed sanctions on more than 3,500 individuals and legal entities, as well as over 700 vessels. The grounds for these restrictions are violations of Ukraine's sovereignty and territorial integrity, as well as gross and systematic human rights violations. Thus, each new package builds cumulative pressure, narrowing the maneuvering room for Russian companies and individuals linked to the state machine.

### Broader Context: Alliances, Loans, and Technological Dependence

The announcement of the new sanctions coincides with a period of intensified multilateral cooperation between Canada and Western partners. It was previously reported that Ottawa and the European Union created the "Alliance for the Future," aimed at deepening economic and technological cooperation and jointly countering global threats. In addition, Canada will join a €90 billion loan to Ukraine. Against the backdrop of these steps, Prime Minister Mark Carney separately stated serious risks associated with manipulations of the Starlink satellite system during the war in Ukraine, highlighting the danger of excessive dependence on US technologies. The combination of these statements paints a picture in which Canada is simultaneously intensifying sanctions pressure, deepening financial support for Kyiv, and rethinking its own technological strategy.

## Fact-Check & Sources

- [Сократить ракетный потенциал. Канада объявила о новых санкциях против России](https://www.rbc.ua/ukr/news/skorotiti-raketniy-potentsial-kanada-ogolosila-1794231237.html) - Press release from the Government of Canada featuring a statement by Foreign Minister Anita Anand. Confirmed figures: 38 organizations, 24 individuals, 3500+ sanctions since 2014, 700+ vessels. Stated goal: reducing missile potential and applying pressure through crypto exchanges.

## FAQ

### How many organizations and individuals did Canada include in the new sanctions list?

The new package of restrictions includes 38 organizations and 24 individuals.

### What is the main goal of the new sanctions package?

According to Foreign Minister Anita Anand, the key goal is to weaken Russia's ability to launch missile strikes on Ukrainian cities, thereby reducing the Russian Federation's missile potential.

### Why do the sanctions mention cryptocurrency exchanges?

The Canadian government believes that crypto exchanges help support Russia's "war economy" by allowing it to bypass traditional financial restrictions. Therefore, the restrictions aim to increase Russia's economic losses by targeting these tools.

### How many total sanctions has Canada introduced since 2014?

According to the Canadian government, since 2014, sanctions have been imposed on more than 3,500 individuals and legal entities, as well as over 700 vessels.

### What is the "Alliance for the Future" and what is Canada's role?

The "Alliance for the Future" is a structure created by Canada and the EU to deepen economic and technological cooperation and counter global threats. Additionally, Canada will join a €90 billion loan to Ukraine.