Special Economic Measures (Russia) Regulations

Marginal note:New equity financing

• 3.2 (1) It is prohibited for any person in Canada and any Canadian outside Canada to transact in, provide or otherwise deal in capital funding through the transaction of shares in exchange for an ownership interest in relation to:

  • (a) a designated person listed in Schedule 2;

  • (b) the property of a designated person listed in Schedule 2; or

  • (c) the interests or rights in property of a designated person listed in Schedule 2.

• Marginal note:Non-application

  (2) Subsection (1) does not apply to capital funding that occurred before the designated person was listed in Schedule 2.