Canada is depriving Russia and Belarus of the most-favored-nation trade regime and will impose a tariff of 35% on exports from there, Finance Minister Chrystia Freeland said.
“Russia and Belarus will no longer enjoy benefits, especially low tariffs that Canada offers to other countries – its partners in the World Trade Organization. Instead, Russia and Belarus are subject to a 35% tariff on their exports to Canada,” she said at a press conference.
According to the minister, the only country to which Canada has so far applied such measures was North Korea.
Freeland added that Western countries have already imposed unprecedented tough sanctions against Russia because of its actions in Ukraine and intend to increase pressure.