The measures include further sanctions on Russia, $2 billion in additional military aid over the next year and more armoured vehicles for Ukrainian forces. Part of the enhanced sanctions package, announced Tuesday, targeted 100 ships that are part of Russia's "shadow fleet" of tankers. "This is the fleet that effectively facilitates illegal exports of crude oil," said Carney. A price cap on the sale of Russian oil, a major source of revenue for the Kremlin, has been lowered by G7 nations, including Canada, to $44.10 per barrel. Defence Minister David McGuinty said the purchases for Ukraine are not being made at the expense of rearming the Canadian military.

Source: CBC News February 24, 2026 23:41 UTC