Canadian government wants to allow confiscation of frozen Russian assets in favor of Ukraine. Canadian Foreign Minister Melanie Jolie. Canada could be the first of the G7 countries to make such a decision, CBC reports..

“Today, we are looking for an opportunity not only to arrest, but also to confiscate the assets of individuals and organizations that fell under the sanctions and provide compensation to the victims,” said Jolie..

The Minister stressed that this could be the first such legal decision among the G7 countries..

The text of the bill, which is planned to be considered by the lower house of the Parliament of Canada, states that the seized assets can be used to “restore a foreign country that has suffered as a result of a serious violation of international peace and security.”.

Also, the funds can be used to "

A similar bill that could allow Canada to confiscate Russian assets has been introduced by Senator Ratna Omidwar in the upper house of parliament..

[see_also ids\u003d"

Earlier it was reported that Ukraine signed a loan agreement with the government of Canada to provide Ukraine with 500 million Canadian dollars (about 400 million US dollars). Minister of Finance of Ukraine Serhiy Marchenko announced the loan agreement with the Government of Canada.

Marchenko clarified that credit funds are provided to Ukraine on preferential terms with a maturity of 10 years.