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Corporations in Canada are taking action as Russia’s attack on Ukraine continues

Corporations in Canada and around the world are taking action as Russia’s attack on Ukraine continues. Major firms in tech, finance, manufacturing, energy and other industries have announced plans to cease investments and the sale of products in Russia, among other initiatives.

Russia continued its offensive against the Ukrainian capital of Kyiv and other key cities on Thursday, after Russian forces seized the southern city of Kherson on Wednesday — the first major Ukrainian city to fall. Delegations from Moscow and Kyiv are set to meet on Thursday for a second-round of ceasefire talks; Ukraine said Russia must stop bombarding Ukrainian cities before any deal can be made. Meanwhile, most NATO countries are sending arms to Ukraine.

All Canadian financial institutions, in coordination with our G7 partners, are prohibited from engaging in transactions with the Russian Central Bank. This eliminates its ability to deploy Russia’s international currency reserves – and further restricts Putin’s ability to finance his war of choice.

Several Canadian companies boycotting Russia during invasion

Corporations from around the world taking additional action limiting Russia’s economic ability

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