City
Epaper

Canada introduces legislation to sell off assets of sanctioned Russians

By ANI | Updated: April 27, 2022 02:45 IST

The Canadian government has introduced legislation allowing it to seize and sell off assets of sanctioned Russians, the National Post reported on Tuesday.

Open in App

The Canadian government has introduced legislation allowing it to seize and sell off assets of sanctioned Russians, the National Post reported on Tuesday.

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.

On February 24, Russia launched a military operation in Ukraine after the breakaway republics of Donetsk and Luhansk appealed for help in defending themselves from intensifying attacks by Ukrainian troops. Russia has said that the aim of the special operation is to demilitarize and denazify Ukraine and that it is targeting the country's military infrastructure only.

Western countries have responded with comprehensive sanctions on Moscow and lethal aid to Kiev. (ANI/Sputnik)

( With inputs from ANI )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: OttawaSemaDonetskNational postNational imaOttaCapital region
Open in App

Related Stories

NationalBody of Indian Student Vanshika Saini Found on Ottawa Beach in Canada

InternationalCanada: Indian National Stabbed to Death in Rockland, Suspect Arrested

PoliticsBank of Canada raises policy rate by 25 basis points

FootballFootball: Ex-Barcelona defender Marlon secures Fluminense return

Other SportsTottenham sign Israel international Manor Solomon on a five-year deal

International Realted Stories

InternationalIndia insisted on direct communication between the DGMOs, rejecting any third-party assurances: Sources

InternationalMuslim World League welcomes 'ceasefire agreement' between India and Pakistan

InternationalMore than 100 terrorists captured in Judea, Samaria

InternationalCrown Prince of Abu Dhabi arrives in Astana on official visit

InternationalJaishankar talks to Egyptian FM, emphasises importance of "zero tolerance" for terrorism