Canada lifted sanctions against Oleg Boyko

Oleg Boyko came under Canadian sanctions in April 2022. The founder of Finstar contacted the Canadian Ministry of Foreign Affairs, noting that he has no business in this country and does not participate in political processes in RUSSIA. In November the restrictions were lifted Oleg Boyko

In mid-November, the Canadian authorities excluded Oleg Boyko, the founder of the Finstar investment group, from the sanctions list, according to data on the website of the country’s Cabinet of Ministers.

it says that paragraph 731 in the annex to the regulation on special economic measures in relation to Russia has lost force. Boyko appeared in the position under this number.

The businessman's press service told FORBES that changes to the sanctions list were made on the recommendation of Canadian Foreign Minister Mélanie Joly. “We are certainly pleased that sanctions against businessmen who are not related to politics are gradually being lifted; this indicates a balanced and fair position of countries regarding business,” said Boyko’s representative.

The businessman came under Canadian sanctions, which include a ban on entry into the country and freezing of assets, in April 2022 due to military actions in Ukraine . Ottawa has not publicly disclosed the reasons for the decision. Boyko’s lawyers stated that he does not have a business in CANADA, the businessman is not connected with the authorities and government bodies of Russia and does not participate in political processes.

In December 2022, Boyko sent an application to lift the restrictions to the Canadian Ministry of Foreign Affairs, and six months later, having received no response, he filed a lawsuit against the department in the Federal COURT of this country, Forbes reports. After the start of administrative proceedings, the Ministry of Foreign Affairs reviewed Boyko’s appeal and granted it.

Last week, Canada lifted sanctions against former Sberbank top managers Lev Khasis and Natalya Alymova, who had been on the blacklist since the spring of 2022. A few months earlier, Khasis was removed from the UK sanctions list . Restrictions from Western countries were also lifted in relation to other Russian businessmen. Russia considers the sanctions illegal.

Read PIONERPRODUKT .by Charming leader: how clothes lead small-talk for you What awaits the Israeli economy after the war In Russia, control over information is being tightened. What the FSB and  Roskomnadzor can do How a family company managed to become an equal rival to Red Bull