Canada Raises Tariffs on Russian Goods; Closes Ports to Russian Ships Following Ukraine Invasion
The Canadian government is responding to Russia’s invasion of Ukraine by dropping its Most-Favoured-Nation Tariff (MFN) treatment and closing its ports to Russian ships, a move that will hurt Russia’s pockets.
According to Chrystia Freeland, Deputy Prime Minister and Minister of Finance, and the Honourable Mary Ng, Minister of International Trade, Export Promotion, Small Business and Economic Development, Canada has issued the Most-Favoured-Nation Tariff Withdrawal Order (2022-1), removing Russia and Belarus’ MFN treatment, as announced on March 3...
To Read Full Story Login Below.