Canada, EU in favor of more active work on use of Russian assets for Ukraine

13:34, 25.11.2023 1 min read

Canada and the European Union call for seeking decisive progress in directing immobilized Russian assets to support Ukraine, as the parties said in a joint statement at a Canadian-EU summit.

"Canada and the EU recognize that decisive progress is needed, in coordination with partners, on how any extraordinary revenues held by private entities stemming directly from Russia's immobilized assets could be directed to support Ukraine and its recovery and reconstruction, consistent with applicable contractual obligations, and in accordance with EU and international law," the document adopted in Canada's St. John's on Friday says.

Canada and the EU also declared that they remained "committed to further strengthening our cooperation and coordination on broader sanctions actions, including disrupting circumvention, in support of our policy objectives."