Canadian Sanctions
The latest updates from around the world on sanctions impacting Canadian businesses.
The Canadian Government imposes sanctions on specific countries, organizations, or individuals that may vary and can encompass a variety of measures. These sanctions place restrictions on activities permissible between Canadians, including businesses, and foreign states, individuals, or entities. Global Affairs Canada (GAC) details current sanctions on their website, see below.
Resources
Global Affairs Canada provides the latest announcements and sanctions information.Â
Jewelers Vigilance Committee (JVC US) has developed a comprehensive resource page that details what you need to know and what you need to include when exporting diamonds to the US.
Responsible Jewellery Council (RJC) has a developed a Guidance Document to answer questions about exporting diamonds to other G7 countries.
Updates & Notices
Information about IMPORTING Diamonds to Canada
The CBSA has recently issued Customs notice 24-05 – New Sanctions under the Regulations Amending the Special Economic Measures (Russia) Regulations – Importation of Diamonds.
Canada: Latest update on G7 Russian Diamond ban
Canada has announced that it is furthering coordinated efforts from G7 member states by implementing the second phase of its indirect ban on Russian diamonds. On
US: New Licenses and declaration/s for G7 Russian diamond sanctions
The US Department of the Treasury’s office of Foreign Assets Control (OFAC) has issued new exclusion guidelines for importing legacy diamonds and diamond jewellery. Following
