Canada’s trade with Russia has plummeted since its invasion of Ukraine

Canada’s trade with Russia plummeted in the first 10 months after Moscow’s invasion of Ukraine a year ago, with Ottawa’s economic measures barring the export of everything from forklifts to barbers’ chairs. Yet certain sectors have emerged largely unscathed by the restrictions, as businesses grapple with a constantly expanding list of restrictions and sanctions. Industry Canada data show that between March and December 2022, the value of total imports from Russia plunged 78 per cent to $414 million, from $1.9 billion during the same eight-month period in 2021. By November and December, Canadian imports from Russia had fallen 98 per…