Meet the Russian oligarchs with investment ties to Western Canada not named in Ottawa's sanctions

Prime Minister Justin Trudeau’s government has said all Canadian financial institutions are prohibited from engaging in any transactions with the Russian Central Bank. And Canadian authorities have identified dozens of Russian individuals and entities for sanctions in recent days, freezing the assets of 58 targets and prohibiting all dealings with them.

Evraz has provided the majority of the pipe to the Trans Mountain expansion project, which will expand the movement of oil and refined products from the Edmonton area to a terminal on the Pacific Coast for export. Evraz’s agreement with original pipeline owner Kinder Morgan provided 250,000 metric tons of pipe to the project.

“The steel that was provided by Evraz for the TMX pipeline was fully delivered by the second quarter of 2021 when sanctions were not in place, and the war had not yet begun,” Finance Minister Chrystia Freeland said this week at a press conference.

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