Canada wants to be the first G7 country to use Russian assets to fund aid to Ukraine with these funds, and on Wednesday (27th) announced new economic sanctions on 203 people considered “accomplices” of Moscow for attempting to annex the Donbass region.

“We are seeking not only learning, but also the ability to allow the seizure of property of sanctioned individuals and entities and then allow us to compensate (Ukrainian) victims,” ​​Canadian Foreign Minister Mélanie Joly said on Wednesday. Said.

In his statements to the media, Prime Minister Justin Trudeau assured that Canada is looking for ways to “further punish” Russia for confiscating the properties of those sanctioned by the offensive against Ukraine.

Since the start of the Russian invasion, launched on February 24, Canada has sanctioned “more than 1,100 individuals and entities” deemed complicit in Vladimir Putin’s government. Many of these sanctions were taken in coordination with their European allies and the United States.

“We are the first G7 country to offer this new resource because we believe it will work,” the Canadian minister said, although he did not have a “clear estimate” of the amount that could be increased by this new mechanism.

“The presence of Russian oligarchs in Canada is important,” said Mélanie Joly, however.

In addition to this new provision submitted to Parliament on Tuesday, Canada also announced new sanctions, this time against “11 officials of the Luhansk and Donetsk people’s republics and 192 people’s council members” in Donbass.

Reiterating his desire for “Ukraine to win,” the head of Canadian diplomacy said, “Canada will not watch President Putin and his accomplices try to redraw Ukraine’s borders with impunity.”

The sanctions against these 203 people join others announced in the last two months. Specifically, the measures announced Wednesday include an asset freeze, a transaction ban and a ban on entry to Canada.