Canada introduces legislation to sell off assets of sanctioned Russians

Canada introduces legislation to sell off assets of sanctioned Russians
# 27 April 2022 02:30 (UTC +04:00)

The Canadian government has introduced legislation allowing it to seize and sell off assets of sanctioned Russians, APA reports citing the National Post.

The amendment to Canada’s Special Economic Measures Act (SEMA) was included in the budget implementation bill presented before the House of Commons.

The bill would expand Ottawa’s sanction regime, which until now was limited to freezing assets and banning financial activity of the sanctioned individuals in Canada.

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THE OPERATION IS BEING PERFORMED