Currently, Canada is legally able to seize and redistribute the frozen assets of only corrupt foreign officials and non-state entities
Customs officials seize assets allegedly linked to a Russian oligarch during a raid on a villa at Tegernsee, in Rottach-Egern, Germany, on Oct. 5.Bill Browder is head of the Global Magnitsky Justice Campaign and author of Red Notice. Ratna Omidvar is an independent senator from Ontario.
The Russian invasion has destroyed the lives and livelihoods of hundreds of thousands. Cities have been reduced to rubble, essential infrastructure has been bombed, and people have been killed, captured and tortured. And still, there is no end in sight.has estimated the cost of war at €600-billion . Ukraine estimates that it requires billions a month in aid.
Given Russia’s total failure to comply with any international court orders so far, it is unlikely that Russia will heed any future judgments that award reparations to Ukraine. Even if these payments were negotiated at some time in the future,in the Senate.
So, Bill S-278 amends SEMA to allow for the confiscation of state assets by executive action. If passed, two paths of seizure would then exist – one through the courts for individual assets, and also for state assets through executive action by the Governor in Council.assets have been frozen by various Group of Seven and European Union jurisdictions.
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