International financial institutions have stressed the need for a Marshall Plan for Ukraine, involving billions in grant money from allied countries.
That would make Canada the first G-7 industrialized country to allow such seizures, and it is encouraging allies to follow suit.
German Finance Minister Christian Lindner said in mid-May that the measure remains a possibility, but that no joint decision has yet been made among G-7 members. Earlier this week, Lithuania, Latvia, Estonia and Slovakia announced their intention to call on the European Union to fund Ukraine's rebuilding with frozen Russian assets.
The World Bank estimates Ukraine's economy will be cut in half by the end of 2022. Crucial ports and export lanes are being blocked by Russia, which risks sparking a global food crisis as Ukraine is a major source of agricultural produce for much of the developing world.
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