Thank you, Mr. Chair.
I would like to thank the officials from Global Affairs Canada for being here. We are very grateful.
Ladies and gentlemen, the subject is so broad that we would have liked to be able to have you here with us for the entire two hours of this meeting, but I understand that unfortunately you are only available for one hour. So we will try to do as much as we can in the short amount of time available to us.
Canada was the first G7 country to pass legislation to seize or freeze the assets of sanctioned individuals and entities, with a view to transferring those assets to Ukraine to support reconstruction efforts. At the last G7 meeting in Italy, Canada hinted at a contribution of up to $5 billion from frozen Russian assets.
Currently, how many of those frozen assets could be transferred to Ukraine or have already been transferred to Ukraine for reconstruction?