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Liberals table legislation that would allow them to seize and sell off sanctioned Russians' assets
Christopher Nardi - 22m ago
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OTTAWA – In light of Russia’s ongoing invasion of Ukraine, the federal government wants to give itself the power not only to freeze or seize, but also sell off assets in Canada owned by individuals targeted by international sanctions.

© Provided by National PostAn oil tanker leaves a Russian port around the time the country invaded Ukraine in late February.
The Liberals included the new provisions to Canada’s Special Economic Measures Act (SEMA) and Magnitsky Law in its budget implementation bill tabled Tuesday morning in the House of Commons.
If passed in its current form, the bill would allow the government to go much further than simply freezing assets and barring transactions in and out of targeted accounts (as they can currently do), but also sell them off.
The proposal comes as the Liberals face increased pressure domestically to impose harsher penalties than simply freezing the assets of allies of Russian President Vladimir Putin or supporters of his “illegal” invasion of Ukraine.