Canada announced 38 new entity listings and 24 individual listings under its Russia sanctions regulations on November 9. Foreign Affairs Minister Anita Anand announced the measures in Paris alongside the meeting of G7 foreign ministers.

The designations target two different parts of Russia’s war economy. One is the network supporting military capability, including participants in ballistic missile development and cyber operations. The other is the financing network, where the announcement identifies cryptocurrency exchanges among the targets.

The announcement describes the listings as Canadian measures. The setting of the announcement does not by itself mean that every G7 member enacted the same restrictions. Ottawa says it intends to disrupt support for Russian military operations in Ukraine. The announcement establishes the new designations, while their practical impact will depend on how the affected networks respond.