Canada to raise tariffs on Russian imports, send rocket launchers to Ukraine
March 3 (Reuters) - Canada will remove Russia and Belarus's most favoured nation status as trading partners, and will provide additional lethal aid to Ukraine, including rocket launchers and hand grenades, Canadian officials said Thursday.
The only other country that does not enjoy the most favoured nation status with Canada is North Korea, and goods from Russia and Belarus will be subjected to a 35% tariff when imported into Canada, Finance Minister Chrystia Freeland said.
"Simply put, this means that Russia and Belarus will no longer receive the benefits, particularly low tariffs that Canada offers to other countries that are fellow members of the WTO," Freeland told reporters at a news conference.
Canada had about C$1.2 billion ($948 million) in imports from Russia and about C$23 million from Belarus in 2020, according to Statistics Canada.
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