Canada\u0027s trade with Russia plummeted in the first 10 months after Moscow\u0027s invasion of Ukraine a year ago.
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“The Canadian footprint in Russia has collapsed,” said William Pellerin, an Ottawa-based trade lawyer with the firm McMillan LLP.Federal data show Canada is still importing a significant amount of pneumatic tires, aviation turbine fuel and plywood. But only a handful of the top 25 products imported from Russia in both 2021 and 2022 saw an increase.
The Liberals have said they accept that tariffs and restrictions have an impact on Canada’s economy, but they argue it’s worth taking a stance in support of international rules.Canada is the only G7 country to include nitrogen fertilizer in its tariff regime, to the ire of eastern Canadian growers, who say it unfairly drives up the cost of products at a time of high inflation.
The list includes motorcycles and surgical or veterinary furniture including “dentists’ chairs” as well as “barbers’ chairs and similar chairs, having rotating as well as both reclining and elevating movements.”The list also includes cranes, X-ray equipment and forklift trucks, because such goods might be appropriated for military use. Canadian companies can only export these items if they secure a waiver.
For example, Canadian companies might suddenly discover that they’ve been doing business for years with a firm that has minority Russian ownership, making it unclear whether they need a waiver to continue.
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