#AceWorldNews – CANADA – September 19 – Canada has cancelled sanctions against two small Russian banks, Expobank and RosEnergoBank, the country’s Foreign Affairs Minister John Baird confirmed on Thursday.
The sanctions were dropped quietly on Tuesday, at the same time that Canada rolled out new sanctions against Russia.
After being asked why the sanctions were withdrawn at the House of Commons, Baird explained that the government received new information that influenced its decision.
“They [the banks] are deemed to be sufficiently divorced from events in Ukraine and Russian aggression against Ukraine,” he said, without elaborating why they were put on the sanctions list in the first place.
The sanctions against the two banks were imposed earlier this year.