Posted on Apr 27, 2022
Canada looks to sell off Russian oligarchs' assets to compensate Ukraine
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Canada is seeking novel powers to seize and sell off Russian oligarchs' assets to compensate Ukraine for war damages, while announcing on Wednesday (April 27) sanctions against 203 people in the breakaway Donbas region.
It would become the first Group of 7 (G-7) nation to permit such asset forfeitures, and is proposing allies follow suit, Foreign Minister Melanie Joly told reporters in Ottawa.
"There was a weak link in (our) sanctions package, which was the ability for the government to be able to sell the assets that were seized and afterwards to use the profits to compensate the victims of this war against Ukraine," she said.
It would become the first Group of 7 (G-7) nation to permit such asset forfeitures, and is proposing allies follow suit, Foreign Minister Melanie Joly told reporters in Ottawa.
"There was a weak link in (our) sanctions package, which was the ability for the government to be able to sell the assets that were seized and afterwards to use the profits to compensate the victims of this war against Ukraine," she said.
Canada looks to sell off Russian oligarchs' assets to compensate Ukraine
Posted from straitstimes.com
Canada
Russia
Ukraine
Posted >1 y ago
Responses: 3
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Love it. I think every country that has confiscated Russian assets should do this
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That's good to know, 10% of Alberta is ethnic Ukrainian. They came here before the Russian Revolution because next-door Alaska was part of Russia until we bought it
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PO1 William "Chip" Nagel
LTC (Join to see) S^^t the Most common Language in all of the Pacific Northwest besides English and Spanish is Russian (Ukrainian Included).
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PO1 William "Chip" Nagel
LTC (Join to see) Now My Daughter who worked in a Bar is not a Fan of any "Slav" Speaker. Always were starting Fights in the Bar/Pub/Restaurant She worked in. Like Her Father Amanda Knows what the Word "Suka" Means.
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