Canada intends to transfer the seized Russian assets for the restoration of Ukraine, said the Minister of Foreign Affairs of Canada Melanie Zholi, reports CBC.
For this purpose, the Canadian government will change the sanctions law in order to resolve the redistribution of the foreign assets seized and subject to sanctions as compensation to the victims or assistance in restoring a foreign state after the war. “Today we are looking for the opportunity not only to arrest, but also to allow confiscating the assets of individuals and legal entities under sanctions and compensate the victims of the victims of the revenue … These changes will make the sanctions regime of Canada the first in the G7, which will allow such actions,” the Zholi statement said.
The text of the bill notes that the arrested assets can be used to “restore a foreign state that suffered from a serious violation of international world and security”, as well as these funds can be used to “restore international world and security” and to pay compensation victims in case of violation of this safety.