Canada will redistribute seized assets to victims of war

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said Tuesday that Canada will change its sanctions law to allow seized and sanctioned foreign assets to be redistributed as compensation to victims of war, ReutersCanada is among a number of countries to have imposed sanctions on Russia after it invaded Ukraine on Feb. 24 in what it calls a “special operation.”

“Today, we are seeking the capacity to not only seize but to allow for the forfeiture of the assets of sanctioned individuals and entities and to allow us to compensate victims with the proceeds,” Joly said in a statement on Tuesday. “These changes would make Canada’s sanctions regime the first in the G7 to allow these actions.”

The changes will mean that funds seized from Russia could be paid out to help rebuild Ukraine or to those impacted by Russia’s invasion.said Tuesday that he would revive a natural gas liquefaction project that Quebec quashed last year, theGNL Quebec’s Énergie Saguenay wanted to build a $14-billion, 780-kilometre natural gas pipeline from northern Ontario to the coast near Quebec City. But Ottawa rejected the project seven months after the Quebec government first nixed it.

. He pledged to stick with an older target for reducing the country’s greenhouse-gas emissions. The plan contains no details about how much it would cost.Canada’s environment commissioner says the Liberal carbon tax hits Indigenous communities and small businesses too hard, and takes it easy on the biggest emitters, CP.

 

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