The Montreal company is the second aerospace firm to be granted a waiver; Airbus was the first
Aircraft manufacturer Bombardier Inc. says it too has been granted an exemption from Canadian sanctions targeting Russian titanium that could interfere with its business in Canada.
The Official Opposition and the Ukrainian Canadian Congress both criticized the sanctions exemptions on Thursday. The Globe and Mail is not identifying the sources, who were not authorized to publicly discuss the matter. Mr. Pellerin said while imports of titanium from VSMPO-AVISMA were banned as of February, what likely exacerbated the matter is sanctions guidance issued by the Department of Global Affairs in March meant to help people understand how measures apply. The implications from this government guidance, when applied to VSMPO, would be that importing parts or aircraft containing this Russian titanium would run afoul of the sanctions, he said.
“Russia’s genocidal war of aggression against Ukraine is in its third year. That Canadian companies still do business with Russia, thereby funding Russia’s war machine and providing Russia the means with which to murder Ukrainians – is appalling.” “Russia will now use the profits from these titanium sales to fund its war against the people of Ukraine,” he said in a statement.
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