This may be the first such legal decision among the G7.
The Government of Canada wants to allow the confiscation of frozen Russian assets in favor of Ukraine. This was stated by Canadian Foreign Minister Melanie Jolie. Canada may be the first G7 country to make such a decision, according to the CBC. , – said Jolie.
The minister stressed that this could be the first such legal decision among the G7 countries. as a result of a serious breach of international peace and security. “
Funds can also be used to” restore international peace and security “and to pay compensation to victims of breaches of that security.
A similar bill that could allow Canada to confiscate Russian assets has been introduced by Senator Ratna Omidwar in the upper house of parliament.
Read also: Canada has imposed sanctions on 33 Russian defense companies
that Ukraine has signed a loan agreement with the Government of Canada to provide Ukraine with C $ 500 million (approximately $ 400 million). The Minister of Finance of Ukraine Serhiy Marchenko announced the loan agreement with the Government of Canada.
Marchenko clarified that the loan funds are provided to Ukraine on preferential terms, with a maturity of 10 years.
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