The Russian Elites, Proxies, and Oligarchs Task Force has been set up with allies in the G7. Canada and its allies in the task force have all committed to taking measures along these lines, which are to work together to track the assets of key Russian elites and proxies and to deny them the ability to hide their assets and benefit from assets in all of these jurisdictions.
The plan is for our government to work with domestic law agencies, other domestic departments and agencies, and our foreign allies to target relevant assets. That would be a connection through the amendments to allow the government to go forward and seize assets that are linked to a sanctioned person or entity seen as contributing to the great breech of international peace and security and inappropriate circumstances and manage those assets. It would lead to the forfeiture of the assets through a court-administered process. After the asset is forfeited, the appropriate disposal and repurposing of the assets would be determined, including if it goes back to victims of the Russian invasion or contributes to the reconstruction of Ukraine.
These are a number of the steps that have been proposed through the amendments in division 31.