The Royal Canadian Mounted Police reported that Canada froze Russian assets worth a total of more than 457 million Canadian dollars or over $317 million as part of sanctions imposed for violating Ukraine’s sovereignty.
According to Ukrinform, citing Canadian law enforcement officials, since 24 February 2022, authorities have effectively frozen C$140.1 million in assets within Canada and blocked C$317.4 million in financial transactions under the Special Economic Measures (Russia) Regulations.
The police report also reveals actions against Russia’s closest ally, Belarus, including blocked financial transactions exceeding C$387,200 and frozen assets worth nearly C$148,500 related to sanctioned individuals.
Since the previous data release in May 2024, the total value of frozen property and funds has increased by only C$230,000, despite an expansion of the sanctioned individuals list, Ukrinform notes.
Related:
- The Telegraph: If frozen Russian assets don’t go to Ukraine, Europe will face migration crisis and attack on the Baltics
- FT: EU eyes Belgian king as Hungary threatens to block Russia sanctions renewal
- Ukraine wants just peace, won’t accept “peace at any price,” UN envoy says
- Bloomberg: Trump team readies oil sanctions plan for Russia
- Russian gas giant Gazprom plans to reduce central office staff by 40%
- Reuters: Tougher US sanctions to curb Russian oil supply to China and India
- YLE: Dubai firms own 55 vessels in Russian shadow fleet
