Canada’s parliament may soon adopt a law that would allow for the freezing and confiscation of assets linked to Russia that have fallen under sanctions.
According to a European Pravda correspondent, Canadian Deputy Prime Minister and Finance Minister Chrystia Freeland said this at a briefing on Monday.
“As for the sanctions against Russia, I hope that in the next few days my budget bill will be passed. It contains, for the first time in Canadian history, regulations that will allow us to confiscate as well as freeze sub-sanctioned assets,” Freeland said.
She added that she had discussed the idea with the U.S. and other international partners.
“We think it’s really important to expand our legal powers because it’s going to be very important to find money to rebuild Ukraine. And I cannot name a more appropriate source of such funding than confiscated Russian assets,” the minister stressed.
Earlier it was reported that Canada blocked 412.1 million Canadian dollars ($328 million) that were in Russian accounts or appeared in transactions involving sanctioned individuals.
As reported on Monday, for the first time, Germany not only “froze” assets, but actually confiscated real estate due to sanctions against Russia for its attack on Ukraine.