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Canada intends to confiscate Russian assets subject to sanctions

Photo: Sean Kilpatrick/The Canadian Press

The Canadian finance minister discussed the idea with the United States and other international partners.

The Parliament of Canada intends to pass soon a law that will allow the confiscation of frozen Russian assets that have fallen under the sanctions. This was reported by Reuters on Monday, June 20, citing a statement by Canadian Finance Minister Christia Freeland.

“Regarding sanctions against Russia, I hope that in the coming days my budget bill will be adopted. For the first time in Canadian history, it contains rules that will allow us to confiscate and freeze as well. the asset sanctions, ”Freeland said.

He added that he discussed the idea with the US and other international partners.

“We believe that it is really important to expand our legal powers, because it will be very important to find the money for the restoration of Ukraine. And I can not name a more appropriate source of such funding than the confiscated Russian assets, ”the minister stressed.

It was previously reported that the United States confiscated Iranian oil stored on a Russian ship near the Greek island of Evia in the Aegean Sea.

It may be recalled that, following the results of the third summit of the Contact Group on the Defense of Ukraine in Brussels, Canadian Defense Minister Anita Anand announced the transfer to Kyiv of ten interchangeable barrels for the M777 howitzer worth approximately 7 million US dollars.

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Source: korrespondent

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