The Government of Canada announced on March 10 that Canada is banning the import of Russian aluminum and steel products as a result of Russia’s ongoing war against Ukraine.
Through regulatory amendments under the Special Economic Measures (Russia) Regulations, the importation of all Russian aluminum products, such as unwrought aluminum, aluminum sheets, and finished products including containers and other household items made from aluminum, is now prohibited.
All primary Russian steel products, including iron and non-alloy steel, semi-finished, and finished products such as tubes and pipes, are also banned.
The intention of the ban is to further deny Russia the ability to generate the revenues it needs to pay for its war against Ukraine.
“Canada, and our partners, have already sanctioned the Russian Central Bank and capped the price of Russian oil and gas. And now, we are ensuring Putin cannot pay for his war by selling aluminum and steel in Canada, in coordination with action taken by the United States today,” said Deputy Prime Minister and Minister of Finance Chrystia Freeland.
Last month, the U.S. imposed a 200% tariff on Russian aluminum products.
In 2021, Canada imported $45 million of aluminum and $213 million of steel products from Russia.
Read the full list of Canadian sanctions against Russia here.
To stay informed on trade news and other important updates, PARTNER UP WITH A CUSTOMS BROKER HERE