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Reuters
Reuters
Business
Kanishka Singh

Canada to alter sanctions law to allow paying compensation from sanctioned assets

FILE PHOTO: Canada's Minister of Foreign Affairs Melanie Joly speaks during Question Period in the House of Commons on Parliament Hill in Ottawa, Ontario, Canada, March 22, 2022. REUTERS/Patrick Doyle/File Photo

The Canadian government will change its sanctions law to allow for seized and sanctioned foreign assets to be redistributed as compensation to victims or to help in rebuilding a foreign state from war, Foreign Minister Melanie Joly said.

Canada is among a number of countries to have imposed sanctions on Russia after it invaded Ukraine on Feb. 24 in what it calls a "special operation."

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