Canada approves bill to amend Special Economic Measures Act. It, among other things, allows the confiscation of assets frozen under sanctions against Russia and their direction for the restoration of Ukraine. This was reported by the press service of the Government of Canada.

The document allows the Government of Canada to \; there has been a threatening violation of international peace and security; gross and systematic violations of human rights have been committed in another state; or significant acts of corruption were committed with the participation of a citizen of a foreign state"

In particular, we are talking about the ability to seize, confiscate and alienate assets belonging to individuals or organizations that were sanctioned as a result of the Russian invasion of Ukraine.. Property can be confiscated after a court decision.

It is assumed that subsequently the funds received from the sale of such assets can be transferred to the reconstruction of the country that has experienced a negative impact from the violation of international peace and security, as well as to the restoration of peace and security and compensation to those who suffered from their violation..

Head of the Office of the President of Ukraine Andriy Yermak noted that the approved provisions will allow Canada to confiscate Russian assets to send them to the restoration of Ukraine.

" This is the first precedent for fixing such a mechanism in the legislation after the start of the war.! "

Recall that Canada blocked the assets of the Russian Federation for $ 328 million, and also imposed sanctions against the oil and gas and chemical industries of Russia.

Ukraine begins confiscation of Russian assets. Money from their sales can be directed to the army, restoration of infrastructure and compensation for victims of crimes in the Russian Federation. Let's figure out who and how this property will be searched in Ukraine and how it will be seized, together with Kristina Zelinskaya in the text "