Canada to supply anti-tank weapons to Ukraine, ban Russian oil imports

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Canada to supply anti-tank weapons to Ukraine, ban Russian oil imports
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Canada will supply anti-tank weapons and upgraded ammunition to Ukraine to support its fight against a Russian invasion, Prime Minister Justin Trudeau said on Monday, and it will ban imports of Russian crude oil.

Eastern refiners import oil on the spot market when needed, as well as fuels to meet demand during maintenance shutdowns, said David Schick, a vice-president with the Canadian Fuels Association.

In 2021, shipments included naphtha and diesel to Valero's Quebec refinery and deliveries of diesel and gasoline to a refinery in Newfoundland & Labrador, now owned by Cresta Fund Management, said Jim Mitchell, head of Americas Oil Analysts at Refinitiv.Irving does not import Russian oil, a spokeswoman said. A Suncor spokeswoman said the company does not process Russian crude in any of its refineries. Valero and Cresta did not immediately respond.

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