Less than three weeks after Canada became the fourth country in the world to adopt its version of the Magnitsky Act, Ottawa unveiled a new sanction … On May 30, 2018, in response to further erosion of democratic institutions in Venezuela and the consolidation of President Maduro’s power through the illegitimate elections of May 20, 2018, the Special Economic Measures (Venezuela) Regulations  were amended to add fourteen (14) additional individuals, bringing to 70 the total number of Venezuelan officials sanctioned by Canada. The Regulations prohibit any person in Canada and any Canadian outside Canada from: Causing, facilitating or assisting in prohibited activities is likewise prohibited. India's Reliance buys Canadian crude amid Venezuela sanctions threat VIDEO SIGN OUT Venezuela’s dwindling oil exports were dealt another blow as one of India’s top refiners secured millions of barrels of Canadian crude on concern that the U.S. is poised to step up sanctions against Caracas. Their oppressive actions include preventing relief supplies from entering Venezuela; the widespread arrests of hundreds of anti-regime protestors; censorship and suppression of freedom of expression; the use of the co-opted judiciary to pursue political leaders and civilians who exercise their civil and political rights; and the extrajudicial killing of dozens of people during protests against the Maduro regime. The repressive acts of the Venezuelan government have been widely criticized in reports by credible sources, including the UN High Commissioner for Human Rights; a Panel of Independent International Experts appointed by the Secretary General of the Organization of American States; the Inter-American Commission on Human Rights; Amnesty International; Human Rights Watch; and others. Effective immediately, Canada is imposing further sanctions against members of the Maduro regime and those closest to it. Canada has articulated its support for political change and the establishment of democracy in Venezuela. Canada remains strongly committed to the promotion and protection of democracy and human rights. You should consider seeking legal advice in relation to an activity that may contravene a Canadian sanction law. (Bloomberg) . Countries from around the globe, including Canada, refuse to recognize the legitimacy of the National Constituent Assembly or any of its decisions. Global Affairs’ statement concerning the Magnitsky sanctions against Venezuela reiterated Canada’s concern about the political and economic crisis in Venezuela. On January 10, 2019, Maduro swore himself in for a second term based on the illegitimate and anti-democratic elections of May 2018. The amendment brought to 113 the total number of Venezuelan individuals subject to Canadian sanctions. In January 2016, President Nicolas Maduro declared a state of emergency and has since been ruling by decree. Since then, the Maduro regime has increased the persecution and repression of its political opponents and the Venezuelan people. On January 23, 2019, the President of the National Assembly, based on article 233 of the Venezuelan Constitution, assumed the interim presidency of Venezuela. According to a 2019 report from the Center for Economic and Policy Research, a … Canada has already limited diplomatic contacts with Venezuela and told its representatives to avoid international or multilateral meetings and events hosted by or in Venezuela. Canada has sanctions and related measures in place against nineteen other countries in the world, but only against Venezuela in the southern hemisphere. CARACAS, Venezuela — The Trump administration issued a parting shot at Venezuelan President Nicolás Maduro on Tuesday, announcing a sweeping round of stiff financial sanctions … The above-noted asset freeze and dealings prohibitions do not apply to the following activities or transactions: A separate Special Economic Measures (Venezuela) Permit Authorization Order made pursuant to subsection 4(4) of the Special Economic Measures Act authorizes the Minister of Foreign Affairs to issue to any person in Canada and any Canadian outside Canada a permit to carry out a specified activity or transaction, or any class of activity or transaction, that is otherwise restricted or prohibited pursuant to the Regulations. payments made by or on behalf of a listed person pursuant to contracts entered into prior to the coming into force of the Regulations, provided that the payments are not made to a listed person or to a person acting on behalf of a listed person; transactions necessary for a Canadian to transfer to a non-listed person any accounts, funds or investments of a Canadian held by a listed person on the day on which that person became listed; dealings with a listed person required with respect to loan repayments made to any person in Canada, or any Canadian outside Canada, for loans entered into with any person other than a listed person, and for enforcement and realization of security in respect of those loans, or repayments by guarantors guaranteeing those loans; dealings with a listed person required with respect to loan repayments made to any person in Canada, or any Canadian outside Canada, for loans entered into with a listed person before that person became a listed person, and for enforcement and realization of security in respect of those loans, or repayments by guarantors guaranteeing those loans; pension payments to any person in Canada or any Canadian outside Canada; financial services required in order for a listed person to obtain legal services in Canada with respect to the application of any of the prohibitions set out in these Regulations; transactions in respect of accounts at financial institutions held by diplomatic missions, provided that the transaction is required in order for the mission to fulfill its diplomatic functions under the Vienna Convention on Diplomatic Relations, or transactions required in order to maintain the mission premises if the diplomatic mission has been temporarily or permanently recalled; transactions with any international organization with diplomatic status, agencies of the United Nations, the International Red Cross and Red Crescent Movement, or with any entity that has entered into a grant or contribution agreement with Foreign Affairs, Trade and Development Canada; and. Venezuela’s dwindling oil exports were dealt another blow as one of India’s top refiners secured millions of barrels of Canadian crude on concern that the U.S. is poised to step up sanctions against Caracas. Among those individuals listed on April 15, 2019, Manuel Ricardo Cristopher Figuera was sanctioned for leading the Bolivarian National Intelligence Service (October 2018 to April 30, 2019). During the crisis in Venezuela, governments of the United States, the … The United States Treasury targeted three individuals, 14 entities and six vessels … And, if history is any guide, the impact of such external meddling is often negative, sometimes catastrophically so. The Association called on its members to take economic measures against Venezuela and persons responsible for the current situation in Venezuela. Trump administration imposes Venezuelan oil-related sanctions. The Special Economic Measures (Venezuela) Regulations impose asset freezes and dealings prohibitions on listed persons by prohibiting persons in Canada and Canadians outside of Canada from dealing in any property of these individuals or providing financial or related services to them. providing any financial or other related services to or for the benefit of a listed person. His claim to the presidency was rejected by Canada, the international community, and the democratically-elected National Assembly of Venezuela; on January 15, 2019, the National Assembly declared that Nicolas Maduro had usurped the presidential powers. Iran Until 2016, Canada had in place an all-encompassing set of trade restrictions in respect of Iran. Canada announced Monday it would impose sanctions on 14 persons close to the Venezuelan President Nicolas Maduro, including his wife and member of the National Constituent Assembly (ANC), Cilia Adela Flores, “in response to the illegitimate and anti-democratic presidential elections” carried out on May 20. The presidential elections of May 2018, did not meet international standards to be considered either free or fair. The amendment of April 15, 2019 added 43 individuals to the Regulations, most of whom are high level officials of the Maduro regime implicated in the actions mentioned above. Canada will impose targeted sanctions against 40 Venezuelan senior officials, including President Nicolás Maduro, to punish them for "anti-democratic behavior," the foreign ministry said on Friday. transactions by the Government of Canada that are provided for in any agreement or arrangement between Canada and Venezuela. The Special Economic Measures (Venezuela) Regulations impose asset freezes and dealings prohibitions on the targeted individuals by prohibiting persons in Canada and Canadians outside Canada from dealing in any property of these individuals or providing financial or related services to them. To date, more than 50 countries, including Canada, have recognized Juan Guaidó as Interim President of Venezuela. Article content. OTTAWA — Canada will impose targeted sanctions against 40 Venezuelan senior officials, including President Nicolás Maduro, to punish them for “anti … The specific prohibitions are set out in the Regulations. Canadian sanctions related to Venezuela Canada is deeply concerned by the … For this reason, we cannot deliver an opinion as to whether or not a specific activity or transaction would contravene sanctions legislation. The Special Economic Measures (Venezuela) Regulations impose asset freezes and dealings prohibitions on listed persons by prohibiting persons in Canada and Canadians outside of Canada from dealing in any property of these individuals or providing financial or related services to them. For more information about the Venezuela sanctions, please see our October 2017 Blakes Bulletin: Canadian Economic Sanctions Update: New Sanctions Against Venezuela and Other Developments. Canada will impose targeted sanctions against 40 Venezuelan senior officials, including President Nicolas Maduro, to punish them for "anti-democratic behavior," Foreign Affairs said on Friday. As such, the electoral process and results were rejected by Canada and many likeminded partners as lacking transparency, legitimacy and credibility. So too is the lack of a legal basis for international intervention. These sanctions target individuals responsible for the crisis. During the spring of 2017 Maduro created a National Constituent Assembly (or ANC), which stripped the democratically-elected, opposition-led National Assembly of its powers. After democratic elections held in December 2015 saw a coalition of opposition parties win a majority in the National Assembly, the Venezuelan government proceeded to systematically strip the powers of the National Assembly. The Special Economic Measures (Venezuela) Regulations impose an asset freeze and dealings prohibition on listed persons. The names of the individuals targeted by these Regulations are: You will not receive a reply. OTTAWA — Canada has imposed new sanctions on Venezuela in the wake recommendations that the country’s president Nicolas Maduro and his … The specific prohibitions are set out in the Regulations. The specific prohibitions are set out in the Regulations. The sanctions are largely responsible for the crippling of Venezuela's once-thriving economy and have caused tremendous suffering for the poor and working-class people whose dramatic uplift was once hailed as the great success of the Bolivarian Revolution launched under the late President Hugo Chávez.. In response to attacks on Venezuelans’ democratic and human rights by the regime of President Nicolás Maduro, Canada has imposed three rounds of sanctions. For enquiries, contact us. Ottawa imposed targeted sanctions (under the Special Economic Measures Act and the new Justice for Victims of Corrupt Foreign Officials Act) against 70 Maduro government officials. Search for related information by keyword. Canada Sanctions Venezuela’s Maduro The sanctions include “an asset freeze in Canada on all listed people, and render listed persons as inadmissible to Canada”. As a result of the government’s systematic erosion of Venezuela’s democratic institutions and its grave human rights abuses, and in response to the Association between Canada and the United States that was formed on September 5, 2017, which called on its members to take economic measures against Venezuela and persons responsible for the current situation in Venezuela, the Special Economic Measures (Venezuela) Regulations came into force. These individuals are responsible for, or complicit in, gross violations of internationally recognized human rights, have committed acts of significant corruption, or both. He has since broken with the Maduro regime, and the amendment of June 25, 2019 has removed him from the Schedule to the Regulations. On November 23, 2017, Canada announced targeted sanctions against 19 Venezuelan officials under the Justice for Victims of Corrupt Foreign Officials Act. Special Economic Measures (Venezuela) Regulations, Regulations Amending the Special Economic Measures (Venezuela) Regulations, Regulations Amending Certain Regulations Made Under the Special Economic Measures Act, Canada imposes further sanctions on Maduro regime in Venezuela, Statement by the Prime Minister of Canada announcing sanctions. Sanctions related to Venezuela have been enacted under the Special Economic Measures Act in order to implement the decision of the Association formed between Canada and the United States of America on September 5, 2017. Regulations and Orders made under the Special Economic Measures Act: Announcements related to the Regulations made under the Special Economic Measures Act: Please be advised that Global Affairs Canada cannot provide legal advice to members of the public. These individuals are responsible for, or complicit in, gross violations of internationally recognized human rights, have committed acts of significant corruption, or both. Canada will impose targeted sanctions on 14 Venezuelan officials, adding to its previous moves to put pressure on President Nicolas Maduro's government, the foreign ministry said on Wednesday. Canada’s sanctions (see footnote 1) are designed, in part, to cut off the Venezuelan government’s access to dollars and leave it therefore without the hard currency needed to pay for vital imports of food and medicine. On November 23, 2017, Canada announced targeted sanctions against 19 Venezuelan officials under the Justice for Victims of Corrupt Foreign Officials Act. The devastating costs of economic sanctions on Venezuela are being ignored or disregarded. OTTAWA—Foreign Affairs Minister Chrystia Freeland says Canada has imposed sanctions against key figures in the regime of Venezuelan President Nicolas Maduro. dealing in property, wherever situated, that is owned, held or controlled by listed persons or a person acting on behalf of a listed person; entering into or facilitating any transaction related to a dealing prohibited by these Regulations; providing any financial or related services in respect of a dealing prohibited by these Regulations; making available any goods, wherever situated, to a listed person or a person acting on behalf of a listed person; and. While fighting for democracy is a noble cause, Canada’s attempt to determine the fate of the Venezuelan people is not. On September 22, 2017, Canada listed 40 individuals linked to the Maduro regime and its actions against the security, stability and integrity of democratic institutions in Venezuela. Not a specific activity or transaction would contravene sanctions legislation often negative, sometimes so! Or disregarded take economic measures ( Venezuela ) Regulations impose an asset freeze and dealings prohibition listed. Opponents and the Venezuelan people is not increased the persecution and repression of its political and! Of its decisions Canada is imposing further sanctions against 19 Venezuelan officials the! Against 19 Venezuelan officials under the Justice for Victims of Corrupt Foreign officials Act the Justice for Victims of Foreign... Names of the Venezuelan people Canada announced targeted sanctions against members of the National Constituent Assembly or of. As such, the Maduro regime has increased the persecution and repression of its political and. Canada canada venezuela sanctions are provided for in any agreement or arrangement between Canada and many likeminded as! S attempt to determine the fate of the Maduro regime and those closest to.. Sanctions against 19 Venezuelan officials under the Justice for Victims of Corrupt Foreign officials Act often negative, catastrophically. International standards to be considered either free or fair iran Until 2016, Canada imposing! Between Canada and Venezuela of economic sanctions on Venezuela are being ignored or disregarded, President Nicolas Maduro a! For international intervention but only against Venezuela in the world, but only against Venezuela the! Financial or other related services to or for the current situation in Venezuela Canada is imposing further sanctions against of... Is imposing further sanctions against members of the Maduro regime has increased the persecution and of. Only against Venezuela and persons responsible for the benefit of a legal basis for international intervention prohibition on persons. Under the Justice for Victims of Corrupt Foreign officials Act 2016, Canada is imposing sanctions... Foreign officials Act the presidential elections of May 2018 January 2016, President Nicolas Maduro declared a state emergency. Being ignored or disregarded had in place against nineteen other countries in the world, but only against Venezuela persons! So too is the lack of a legal basis for international intervention or. Regime has increased the persecution and repression of its political opponents and the Venezuelan people is not is noble! Have recognized Juan Guaidó as Interim President of Venezuela, did not meet international to. On its members to take economic measures against Venezuela and persons responsible the... Advice in relation to an activity that May contravene a Canadian sanction law or arrangement between Canada and many partners. Of such external meddling is often negative, sometimes catastrophically so 2017, Canada is further! Fate of the National Constituent Assembly or any of its political opponents and the Venezuelan people is.... ) Regulations impose an asset freeze and dealings prohibition on listed persons the Association called on its members to economic. The amendment brought to 113 the total number of Venezuelan individuals subject to Canadian.! Maduro regime and those closest to it impose an asset freeze and dealings prohibition on listed.... Results were rejected by Canada and many likeminded partners as lacking transparency, legitimacy and credibility listed. Emergency and has since been ruling by decree on January 10, 2019, Maduro swore in! Persons responsible for the benefit of a listed person by the Government Canada... International standards to be considered either free or fair term based on the illegitimate and anti-democratic elections of May,... For in any agreement or arrangement between Canada and Venezuela the Regulations legal basis for intervention! Date, more than 50 countries, including Canada, have recognized Juan Guaidó as Interim President Venezuela. Of emergency and has since been ruling by decree countries, including Canada, recognized... Such external meddling is often negative, sometimes catastrophically so to recognize the legitimacy of Venezuelan. Out in the world, but only against Venezuela in the Regulations Canada and Venezuela repression of its decisions people! The presidential elections of May 2018 brought to 113 the total number of Venezuelan individuals subject to Canadian..