British Foreign Secretary Liz Truss said that their government is mulling to replicate Canada and seizing the assets of Russians in the UK in order to give them to Ukraine.

The move comes hours ahead of Truss’s meeting on Monday in Lugano, Switzerland, which will be attended by most of Ukraine’s senior political leadership either in person or virtually. The conference will focus on Ukrainian reconstruction.

It has been estimated that over 120,000 homes in Ukraine have been destroyed in the war and the country will require billions in aid to help rebuild its infrastructure and economy.

According to The Guardian, Truss told MPs last week that the government could seize frozen Russian assets in the UK and redistribute them to victims of Russia’s war in Ukraine.

&nbsp;“I am supportive of the concept. We are looking at it very closely. The Canadians have in fact just passed legislation This is an issue that we are working on jointly with the Home Office and the Treasury, but I certainly agree with the concept. We just need to get the specifics of it right,” she was quoted as saying.

She said the initiative would “most probably” need legislation but not necessarily.

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Currently, the UK has the power to suspend Russian assets under the Economic Crime Act for 56 days and roll over the suspension for a further 56 days. In that period the owner of the asset cannot benefit from the asset in any way.

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At the conference, Truss’ main aim is to position the UK as Ukraine’s key partner in the recovery process. Britain has already offered $1.5bn to the country through multilateral loan guarantees and more than £100m in bilateral support, reports the UK-based newspaper.

(With inputs from agencies)

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British Foreign Secretary Liz Truss said that their government is mulling to replicate Canada and seizing the assets of Russians in the UK in order to give them to Ukraine.

British Foreign Secretary Liz Truss said that their government is mulling to replicate Canada and seizing the assets of Russians in the UK in order to give them to Ukraine. The move comes hours ahead of Truss’s meeting on Monday in Lugano, Switzerland, which will be attended by most of Ukraine’s senior political leadership either in person or virtually. The conference will focus on Ukrainian reconstruction. It has been estimated that over 120,000 homes in Ukraine have been destroyed in the war and the country will require billions in aid to help rebuild its infrastructure and economy. According to The Guardian, Truss told MPs last week that the government could seize frozen Russian assets in the UK and redistribute them to victims of Russia’s war in Ukraine. “I am supportive of the concept. We are looking at it very closely. The Canadians have in fact just passed legislation This is an issue that we are working on jointly with the Home Office and the Treasury, but I certainly agree with the concept. We just need to get the specifics of it right,” she was quoted as saying. She said the initiative would “most probably” need legislation but not necessarily. Also read | British Army’s Twitter, YouTube accounts hacked to display crypto scams Currently, the UK has the power to suspend Russian assets under the Economic Crime Act for 56 days and roll over the suspension for a further 56 days. In that period the owner of the asset cannot benefit from the asset in any way. Also read | UK MPs seek ban on Chinese cos making CCTVs used in Xinjiang At the conference, Truss’ main aim is to position the UK as Ukraine’s key partner in the recovery process. Britain has already offered $1.5bn to the country through multilateral loan guarantees and more than £100m in bilateral support, reports the UK-based newspaper. (With inputs from agencies) WATCH WION LIVE HERE

UK mulling seizure of Russian assets to give to Ukraine: Foreign Secretary Liz Truss

To challenge the influence of authoritarian states, the UK wants to get into agreements, covering trade and security with India and other democratic nations in Indo-Pacific region, said Britain's new Foreign Secretary Liz Truss on Sunday. &nbsp;

Until her recent promotion within UK Cabinet, Truss as international trade secretary was in-charge of talks with India on a future Free Trade Agreement (FTA). &nbsp; &nbsp;

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The foreign secretary said that she is keen to strike more deals&nbsp;in line with AUKUS, the trilateral security alliance between Australia, the UK and the US, which is widely seen as a counter-balance to China. &nbsp;

In her first major interview since taking over new role, Truss told The Sunday Times, "We want to work with our friends and allies to create more economic agreements and security agreements. AUKUS is about protecting trade routes and shipping routes specifically with Australia but I want to look at arrangements with India, with Japan and with Canada to expand that security support in the same types of areas." &nbsp;&nbsp;

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"Some countries we will be able to enter deeper security arrangements with than others. One thing I know from being Trade Secretary for two years is that the UK is hugely trusted. People know we are reliable and when we say we will do something we do it, we follow the rules," the leader added. &nbsp;&nbsp;

(With inputs from agencies)&nbsp;

To challenge the influence of authoritarian states, the UK wants to get into agreements, covering trade and security with India and other democratic nations in Indo-Pacific region, said Britain's new Foreign Secretary Liz Truss on Sunday.

To challenge the influence of authoritarian states, the UK wants to get into agreements, covering trade and security with India and other democratic nations in Indo-Pacific region, said Britain's new Foreign Secretary Liz Truss on Sunday. Until her recent promotion within UK Cabinet, Truss as international trade secretary was in-charge of talks with India on a future Free Trade Agreement (FTA). Also Read: Immigration to not solve food, fuel crises, says UK PM Boris Johnson The foreign secretary said that she is keen to strike more deals in line with AUKUS, the trilateral security alliance between Australia, the UK and the US, which is widely seen as a counter-balance to China. In her first major interview since taking over new role, Truss told The Sunday Times, "We want to work with our friends and allies to create more economic agreements and security agreements. AUKUS is about protecting trade routes and shipping routes specifically with Australia but I want to look at arrangements with India, with Japan and with Canada to expand that security support in the same types of areas." Also Read: Queen Elizabeth urges Scottish parliament to tackle climate change "Some countries we will be able to enter deeper security arrangements with than others. One thing I know from being Trade Secretary for two years is that the UK is hugely trusted. People know we are reliable and when we say we will do something we do it, we follow the rules," the leader added. (With inputs from agencies)

UK wants trade, security pact with India, says Foreign Secretary Liz Truss

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UK mulling seizure of Russian assets to give to Ukraine: Foreign Secretary Liz Truss

UK wants trade, security pact with India, says Foreign Secretary Liz Truss