There are two things. One, Magnitsky gives Canada the tools with which to sanction human rights abusers in Russia, and I understand from listening to some of the testimony, it's probably broader. That is extremely important for showing these officials who support the Russian regime that they can't get away with it, that people are watching them. That, in turn, perhaps makes other officials think about whether or not that's a course they want to continue.
Unlike in Soviet times, Russian officials, Russian business people, keep their money in western banks, not in Russian ones, so we have an effective tool—or will have, once Magnitsky is, I hope, adopted—to put significant pressure on these people, and in turn on the Russian regime. There is a reason why, when the United States passed Magnitsky in 2012, the reaction from Russia was as severe as it was. It was because it's an effective tool.
The second issue is sectoral sanctions on the Russian economy. There have been quite a lot implemented in Canada, the U.S., and the EU and we believe these should be strengthened. These work when they are all implemented together.
One of the things we would very much like to see is for Canada to take a lead in this and argue for this with our American and European partners because if Canada does it themselves, that's good but it's not nearly as effective as when it's done in concert. I think that's something everyone in Canada, the EU, and in the U.S. understands, that these things have to be done together. We are hopeful that Canada will, in NATO, the EU, and the G7, continue to be a strong advocate for keeping the sanctions we have now because we have seen no change in Russian behaviour, and strengthen them as necessary to put more pressure on the Russian regime through the economy.