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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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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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Russia failed to break Ukraine’s army on the battlefield, and now it’s trying to do it through a peace plan that would cap Ukraine’s forces at 600,000. Some argue that Ukraine would shrink its army — currently estimated at about 800,000 — after the war anyway.

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