Canada wants to confiscate Russian assets

Must read

Florida’s tussle with Disney wouldn’t have happened ‘if Bob Iger had been CEO,’ says top DeSantis ally

Florida lawmakers are reviewing ways to restore some of the privileges that the state stripped from Walt Disney Co., still reducing the company’s benefits...

Americans Are Fed Up With Woke Military Leadership: Poll Shows Less Than 50% Now Trust

I recently hit my one-year military retirement anniversary, which has me ruminating on my past life in the...

MAGA Rep Marjorie Taylor Greene Demands Answers on 73,000 ‘Gotaways’ at the Border in November

Representative Marjorie Taylor Greene has a few questions following a report indicating that a record number of “gotaways”...

Flashback: Kanye Performs at DNC Fundraiser, Obama Jokes About Him Becoming House Speaker

Kanye West has been in the spotlight for very bad reasons of late, culminating with a bizarre interview...

Ottawa is working on a new law that would provide the authority to expropriate sanctioned funds, the finance minister says

Canadian Finance Minister Chrystia Freeland said on Tuesday that the country is considering passing a law allowing the confiscation of sanctioned Russian assets.

“We hope that budget legislation will be adopted in the coming days. For the first time for Canada, it includes measures that will allow the confiscation of frozen and sanctioned assets,” Freeland told journalists. She added that the issue has been already discussed with the United States and other allies.

“It’s very important to find funds to rebuild Ukraine. And I can’t think of a better source of that funding than confiscated Russian assets,” she said.

Canada has imposed sanctions on more than 1,000 individuals and entities from and in Russia.

In April, Ottawa said it would change its legislation to give the government new authority to seize and sell the assets of sanctioned Russian individuals and give the proceeds to Ukraine.

For more stories on economy & finance visit RT’s business section

More articles

Latest article

Florida’s tussle with Disney wouldn’t have happened ‘if Bob Iger had been CEO,’ says top DeSantis ally

Florida lawmakers are reviewing ways to restore some of the privileges that the state stripped from Walt Disney Co., still reducing the company’s benefits...

Americans Are Fed Up With Woke Military Leadership: Poll Shows Less Than 50% Now Trust

I recently hit my one-year military retirement anniversary, which has me ruminating on my past life in the...

MAGA Rep Marjorie Taylor Greene Demands Answers on 73,000 ‘Gotaways’ at the Border in November

Representative Marjorie Taylor Greene has a few questions following a report indicating that a record number of “gotaways”...

Flashback: Kanye Performs at DNC Fundraiser, Obama Jokes About Him Becoming House Speaker

Kanye West has been in the spotlight for very bad reasons of late, culminating with a bizarre interview...

Florida AG Warns of ‘Frightening’ New Trends in Fentanyl Distribution

By Bethany Blankley (The Center Square) Florida Attorney General Ashley Moody is continuing to warn Floridians...