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Canada allows confiscation of Russian assets and their use for reconstruction of Ukraine.

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A Canadian law that came into effect on June 23 allows the confiscation of assets subject to sanctions due to Russia’s war, and their subsequent use to support Ukraine. Canada has blocked assets worth $328 million due to the sanctions.

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The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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The EU's new steel allocation, set to enter into force on July 1, was introduced in response to global steel overcapacity, which has been hurting EU producers. The measure aims to restrict tariff-free steel imports to 18.3 million metric tons per year, a 47% reduction.

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