Restricts national security and net benefit criteria of screening for investments linked to the Russian Federation
08 Mar 2022
On 8 March 2022, the Government of Canada issued a “Policy Statement on Foreign Investment Review and the Ukraine Crisis”, indicating that, in the case of investments by direct or indirect Russian investors, the Government will find the acquisition of control of a Canadian business to be of net benefit to Canada on an exceptional basis only. With respect to national security reviews, should it be determined that an investment, regardless of its value, has ties, direct or indirect, to an individual or entity associated with, controlled by or subject to influence by the Russian state, this will support a finding by the Minister that there are reasonable grounds to believe that the investment could be injurious to Canada’s national security as set out in Part IV.1 of the Investment Canada Act.
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Entry and establishment (Approval and admission)
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