EU law on Russian assets is important, Canada working to go further, minister says

Published 02/13/2024, 10:04 AM
Updated 02/13/2024, 10:06 AM
© Reuters. FILE PHOTO: Canada's Deputy Prime Minister and Minister of Finance Chrystia Freeland takes part in a press conference before delivering the fall economic update in Ottawa, Canada, November 21, 2023. REUTERS/Blair Gable/File Photo

OTTAWA (Reuters) - The EU's adoption of a law to set aside windfall profits made on frozen Russian central bank assets was an important measure and Canada is working with allies to go further to make Moscow pay for damages in Ukraine, Finance Minister Chrystia Freeland said on Tuesday.

© Reuters. FILE PHOTO: Canada's Deputy Prime Minister and Minister of Finance Chrystia Freeland takes part in a press conference before delivering the fall economic update in Ottawa, Canada, November 21, 2023. REUTERS/Blair Gable/File Photo

"This is an important measure that the EU has taken. Canada thinks that we need to go further and we're going to keep working with our partners on that," Freeland told reporters in Ottawa.

"Russia has done tremendous damage to Ukraine ... It's going to cost a lot of money to rebuild, and we think it is absolutely appropriate for the aggressor to pay for that damage," she said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.