In Canada, they developed a bill to sell the assets that

fell under the sanctionsindividuals and organizations Melanie Joly

The Canadian government intends to amend the legislation to be able to sell the confiscated assets of sanctioned individuals, according to the local edition of the National Post.

“We are looking at opportunities not only to freeze, but also to seize the assets of authorized individuals and entities in order to allow us to pay compensation to victims with the proceeds,” said Canadian Foreign Minister Mélanie Joly.

The minister also noted that if the law is passed, CANADA will become the first country in the G7 to take such a step in expanding the sanctions regime.

According to the National Post, a wide range of assets will fall under the new law: in addition to movable and immovable property, these can be bank accounts and cryptocurrency wallets. The decision to forfeit and sell the assets will need to be approved by the Supreme COURT of Canada, which will determine whether the property is actually owned, held or controlled "directly or indirectly" by the person, entity or state under sanctions.

The bill has already been submitted to the House of Commons, Canada's lower house of parliament. The existing laws of the country allow freezing assets and prohibiting transactions with the accounts of sanctioned individuals and companies.

In Kyiv, the use of frozen assets of RUSSIA was allowed Politics

Since the end of February, Canada has imposed several packages of sanctions against Russia. They concerned representatives of the Russian government: members of the Russian Security Council, ministers and senators; domestic banks - including Sberbank, VTB, Gazprombank, Alfa-Bank, etc.; companies "Gazprom", Russian Railways, "Gazpromneft", "Transneft", ALROSA, etc.; businessmen, including Boris Rotenberg, Yevgeny Prigozhin, Roman Abramovich, Alisher Usmanov, Vladimir Potanin and others.

Read on RBC Pro Pro How "Asos of the 90s" became the most sudden failure of the dot-com eraPro BusaPro You need to lower your payroll. How to do it legally Instructions Pro European ports are closed to Russia. How to transport goods from How to do it legally Instructions Pro European ports are closed to Russia. How to transport goods from How to do it legally Instructions Pro European ports are closed to Russia. How to transport goods fromCHINA Articles Pro 'Now Russia is Crimea":business development experience under tough sanctions Forecasts Pro How Toyota followed its philosophy during the Great Recession Articles

Ottawa also canceled all EXPORT permits for Russian companies, imposed restrictions against the Ministry of Finance, the National Welfare Fund and the Central Bank of Russia, with which, in particular, it banned its banks from conducting operations. In addition, the Canadian authorities imposed a ban on the import of petroleum products from Russia.

Prime Minister Justin Trudeau noted that Canada would maintain economic sanctions against Russia until it "acknowledges and accepts that it has made a huge mistake and withdraws its soldiers from Ukrainian territory."

The speaker of the Russian State Duma, Vyacheslav Volodin, pointed out that the sanctions against Moscow are "illegal" and Western countries "will have to compensate" for the harm they have caused to the Russian economy. Kremlin spokesman Dmitry Peskov compared the seizure of assets of businessmen from Russia with a robbery "in the Wild West."

Favorable course inFavorable exchange rate at VTB officesThe larger the amount, the greater the benefit.More than 1,000 branches across the countryPreliminary calculation onlineconverter