Canada extends anti-Russian sanctions: Foreign Ministry

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Canada updated its Special Economic Measures (Russia) Regulations on Friday, adding the metallurgy industry, machinery, and motor vehicle manufacture to the anti-Russia sanctions list, according to the country's Foreign Ministry. 

The expanded list now covers the iron-and-steel industry, manufacture of computers, electronic and optical products, motor vehicles, trailers and semi-trailers, land transport, and transport via pipelines.

Canada has also prohibited the provision of industrial services to Russia's oil, gas, chemical, and machine-building industries.

Unilateral Western sanctions provoke global recession: Russian Foreign Ministry

On his part, Russian Deputy Foreign Minister Sergey Vershinin, addressing a political symposium on the Sustainable Development Goals, said that the attempts by Western countries to unleash a spiral of unilateral sanctions against Russia will result in inflation and a worldwide recession.

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"The miscalculations made during the pandemic in the macroeconomic, food and energy policies of the largest economies of the Western countries led to a surge of instability in global commodity markets long before the start of Russia's special military operation," Vershinin said.

"An attempt by partners to shift the blame onto others and unleash a spiral of unilateral sanctions will result, even if the IMF recognizes it, in inflation in the Western countries themselves and, worse, an impending global recession," he added.

New Canada sanctions cannot affect Russian Economy - Envoy in Ottawa

Last month, Russia's Ambassador to Canada, Oleg Stepanov, said that Canada's latest sanctions against Russia are symbolic and will have no effect on the Russian economy. 
 
Canada, on the same say, sanctioned six individuals and 46 entities associated with Russia's defense sector, as well as over two dozen individuals and entities in Belarus and Ukraine.

According to the statement, Canada has also moved to prohibit the export of certain advanced technologies to Russia, including quantum computers and advanced manufacturing equipment and has expressed intent to sanction Russian-state-sponsored "disinformation agents".