Canada admits sanctions against Russia affect people's lives
Canada's restrictions on the Russian Federation affect the lives of ordinary people in the country, said Stephen Alsas, head of international economic sanctions at the Royal Bank of Canada.
“We still have people who want to be able to do deals, for example with Russia,” Stephen Alsas admitted.
Stephen Olsas cited pension payments as an example and called the situation an “unintended consequence” of imposing anti-Russian restrictions.
The banking expert reiterated that due to the complexity of Canadian law regarding the application of sanctions against foreign countries, it is necessary to “almost stop all types of payments” related to electronic transfers to or from Russia. Mr. Stephen Alsas said that the competent authorities should be consulted on this matter.
On November 6, the US admitted that sanctions had not reduced Russia's oil revenues. In October, Russia's federal budget's oil and gas revenues doubled compared to September and increased by a quarter compared to the same period last year.
Controversial issues in the Russia-Ukraine conflict
November 5, 2023 19:27
