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Trudeau: Canada Will Ban Russian Crude Oil Imports

Crude oil import shipments

All Russian crude oil imports have been banned by Prime Minister Justin Trudeau in response to the current situation in Ukraine. The announcement was made officially on Monday.

This would be one of the measures taken to punish Vladimir Putin’s administration for the attack on Ukraine last week.

“This industry accounts for more than a third of Russia’s Federal Budget revenues. And while Canada has imported very little amounts in recent years, this measure sends a powerful message,” said Justin Trudeau. 

The day after the conflict started, Alberta Premier Jason Kenney asked for a ban on Russian oil, prompting Trudeau’s decision. “We need to see the entire democratic world take a hard ‘no’ on future Russia energy imports and pipelines shipping Alberta oil and gas is the single most powerful thing that Canada could do,” said Kenney. 

Several Russian officials and organizations have already been targeted by Canada while the country has also provided material assistance to the Ukrainians.

Canada’s finance minister and deputy prime minister, Chrystia Freeland, announced sweeping new financial penalties against Russia, such as a ban on Canadian banks working with the Russian Central Bank.

Over the weekend, Conservative Interim Leader Candice Bergen urged the Trudeau administration to provide further assistance to Ukraine in the wake of its economic crisis there.

“The Liberal government has failed to recognize that Canadian oil and gas is vital to Canadian and European security. We need to get new pipelines built to tidewater to displace Russian natural gas,” said Bergen. 

After the United States and Saudi Arabia, Russia is the third-largest producer of oil. With production accounting for 11% of global production.

Original source material for this article taken from here

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Written by Olivia Woods

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