MPs need to fast-track new law to seize sanctioned Russian assets: senator

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MPs need to fast-track new law to seize sanctioned Russian assets: senator
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Sen. Ratna Omidvar’s bill — titled “An Act respecting the repurposing of certain seized, frozen or sequestered assets” — is set to be passed by the Senate.

Sen. Ratna Omidvar’s bill — titled “An Act respecting the repurposing of certain seized, frozen or sequestered assets” — is set to be passed by the Senate, which means it will soon be headed for the House of Commons where elected MPs will decide its fate.

“I feel the immediacy and the urgency is so important we need to fast-track this bill and call it into law and apply it in the Ukraine situation as soon as we can,” she said in an interview. “Against the background of the ongoing brutal Russian aggression, the accompanying suffering of the Ukrainian population, and the continued destruction of the country itself, we are prepared to do more as needed,” the G7 ministers said.

Though that information is hard to come by, she believes there is plenty of money to be found on Canadian soil.

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