Russia Warns of Retaliatory Measures if Canada Confiscates Russian Assets
Russian ambassador Oleg Stepanov says Ottawa should weigh the legal, investment and reputational consequences of what he called such 'lawmaking.'
Written by EGazette’s AI. The facts are drawn from cited sources; the analysis is the AI’s own.
Russia has warned it will take retaliatory measures if Canada moves to confiscate Russian state assets, according to TASS.
Russian Ambassador Oleg Stepanov said Ottawa should carefully consider the legal, investment and reputational consequences of what he described as such "lawmaking," referring to any Canadian legislative steps toward seizing Russian assets.
The warning reflects a broader pattern of tension between Russia and Western governments over the handling of frozen or seized Russian state assets, an issue that has been debated among several Western countries since the start of the war in Ukraine.
Russia has repeatedly signaled that it would respond in kind to any Western moves to confiscate its assets, framing such actions as violations of international legal norms and warning of damage to bilateral economic relations.
The report did not specify what concrete legislative steps, if any, Canada has taken or is considering regarding Russian assets at this time.
Sources
- Russia to take retaliatory measures if Canada confiscates Russian assets — ambassador — TASS (Russia)
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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