Ukrainian parliamentarians appeal to the Canadian government to confiscate all Russian assets

Ukrainian MPs from various factions have called on the new Canadian government to begin the full-scale confiscation of frozen Russian state and oligarchic assets.

“This will not only provide tangible support for recovery, but also reaffirm the principle that the aggressor must pay for the damage it has caused,” reads the letter to Canadian Prime Minister Mark Carney, which was supported by more than three dozen parliamentarians and a copy of which was sent to Interfax-Ukraine.

The authors emphasize that Canada, which chairs the G7 this year, not only applies constant economic pressure on Russia but also became the first country to confiscate the assets of Russian oligarchs in 2022.

“This bold step has set a vital precedent and reflects Canada's commitment to holding accountable those who have contributed to and profited from Russia's aggression,” the letter states.

The MPs also mentioned an open letter from European political and opinion leaders to Canadian political leaders calling for decisive action to advance the seizure of Russian assets ahead of the G7 summit to be held in Canada on June 15-17.

“This momentum will be an opportunity to deepen international cooperation and strengthen global resolve,” the Ukrainian parliaments said in their appeal to the Canadian government.

They added that Ukraine's direct infrastructure losses from Russian aggression, according to estimates by the Kyiv School of Economics, amounted to almost $170 billion as of November 2024, $12.6 billion more than at the beginning of the year, underscoring the scale of the destruction and the urgent need for long-term recovery and humanitarian assistance.

Source: Interfax-Ukraine