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  • Writer's pictureBy The Financial District

Canada Bans Imports Of Russian Steel, Aluminum

Canada on Friday banned the import of all Russian aluminum and steel products in a move that Ottawa said was aimed at denying Moscow the ability to fund its war against Ukraine, Ismail Shakil reported for Reuters.


Photo Insert: The ban covers both finished and unfinished products and will impact the import of products such as aluminum sheets, aluminum containers as well steel tubes and pipes, according to the statement.


"Ukraine can and must win this war. We continue to do everything we can to cut off or limit the revenue used to fund Putin's illegal and barbaric invasion of Ukraine," Finance Minister Chrystia Freeland said in a statement.


The ban covers both finished and unfinished products and will impact the import of products such as aluminum sheets, aluminum containers as well steel tubes and pipes, according to the statement.



Canada, along with its Western allies, has taken coordinated actions against Russia over its invasion of Ukraine. Ottawa has slapped sanctions on more than 1,600 individuals and entities over the invasion and supported Kyiv with over C$5 billion ($3.6 billion) in financial, military and other aid.


"We are ensuring Putin cannot pay for his war by selling aluminum and steel in Canada, in coordination with action taken by the US today," Freeland said.





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