The new measures would put restrictions on 14 individuals including Russian oligarchs, their family members, and close associates of Vladimir Putin, according to an official statement.

The import ban would target Russian goods including alcoholic beverages, seafood, and non-industrial diamonds, while the export ban would target luxury goods such as footwear, luxury clothing and jewelry.

(Reporting by Ismail Shakil in Ottawa; Editing by Chizu Nomiyama)