From what we know, relatively small numbers of Russian assets are frozen in Canada, but what Canada can do is move to seize those, as both an example to the rest of the world and as legal test cases.
The effort to seize the assets held in Europe has never been attempted before—to my knowledge, anyway—on the scale that I think is coming. Over $300 billion in assets is held in Euroclear and other European institutions.
As for the assets Canada has, for example, the government announced that they were going to go after Roman Abramovich's assets that are frozen in Canada. That seems to me to be a good place to start as a test case, and then that can be used by other jurisdictions to seize the assets that are in their jurisdictions. The plane is another example.
This is, in some sense, uncharted territory for Canada and our partners. In our view, the quicker we start doing it, the quicker we can see where we perhaps need legislative or legal changes on how to approach the seizure of what is really....
The vast majority of those assets are held in Euroclear in Belgium. I think Canada, as an example and a kind of test case for it, is a good place to start, largely because we know the political will is here to do it, which is not necessarily true of all of our European partners.