Freeland says use of Russia’s seized assets ‘perfectly appropriate’

Ottawa is currently developing a legal framework for the seizure of Russian assets

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Finance Minister Christiaan Freeland has said that Ukraine needs financial assistance to rebuild in the light of the war – and that Russia should roll out the bill.

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“Ukraine’s financial needs are enormous, reconstruction needs enormous, and it is perfectly appropriate for the aggressors to pay for that reconstruction,” Freeland told reporters in a call from Munich, Germany, on May 20.

The comments came after a G7 meeting where Freeland and its rivals from the United States, Japan, Germany, France, the United Kingdom, Italy and its rivals agreed on েনে 9.5 billion in Ukraine, a commitment committed by seven democratic powers since Russia’s invasion in February. About বিল 20 billion, according to Reuters.

Freeland said the Canadian government was currently developing a legal framework for confiscating Russian assets and suggested that those assets could be sold to finance Ukraine’s reconstruction.

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“When we look at the huge cost of rebuilding Ukraine, what is the best source of that funding?” Minister. “Should the cost be borne by the devastated people of Ukraine?” Should these costs be paid by Canadians? I think that these costs are partly, at least fully, paid for by the Russian resources. “

When asked if he had conspired to seize Russian assets and steal sales, Freeland replied that there was a strong moral and practical justification for claiming the assets of the U.K. allies, but added that Canada must proceed “carefully and thoughtfully.” .

In creating property confiscation legislation, “Canada has the opportunity to lead by example and show what can be done,” Freeland said.

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Freeland has announced an additional $ 250 million loan from Canada to Ukraine, to be managed by the International Monetary Fund (IMF). As a result of this loan, the total assistance provided by Canada reached $ 1.9 billion.

“In order to win the war, Ukraine urgently needs more financial support from world democracies,” he said.

The debt announcement comes after G7 talks between world leaders in Germany’s forests on global issues, including climate change, inflation and post-epidemic economic recovery.

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“We have discussed further support for Ukraine, and we need to take additional steps to bring Russia together to hold Russia accountable for Ukraine,” Freeland said. “The issue of confiscating Russian resources and using them to fund Ukraine’s reconstruction is an issue we have discussed at length.”

Freeland added: “The G7 countries are determined to continue to see the gains made by the Russian elite around the world through the Russian elite, proxies and oligarchs task force, which is a major government initiative.”

The task force was set up by the G7 and Australia in March. The ministers pledged to “work together to prioritize our resources and to find, detain, freeze, seize and, where appropriate, confiscate or confiscate all available individuals and entities approved by Russia for pre-planned reasons.” Will be., Unjust, and unprovoked aggression in Ukraine.

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Despite the international community’s task force and other efforts to fight Russia’s aggression, US Treasury Secretary Janet Yellen said on May 17 that she was overwhelmed by the support that had been given to Ukraine to date.

“Ultimately, the reconstruction and recovery of Ukraine will require massive support and private investment, similar to the restructuring work in Europe after 1945,” he said, referring to the Marshall Plan. World War II.

“Ukraine must take this one step at a time, but we can help today and acknowledge and prepare for what is to come,” Yellen said. “The bilateral and multilateral support that has been announced so far will not be enough to meet Ukraine’s short-term needs.”

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