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The federal government is moving closer to gaining full control over a massive Russian cargo plane parked in Toronto and hopes to use the proceeds to support Ukraine.
In June 2023, the federal government officially seized an aircraft that had been sitting on the tarmac at Toronto’s Pearson International Airport since February 2022.
The plane hasn’t moved since then and Ottawa has issued new cabinet orders that clarify the plane’s ownership, pointing to foreign subsidiaries and affiliates of the Russian corporation thought to own the plane.
William Pellerin, an Ottawa-based trade lawyer with the firm McMillan LLP, says these steps bring Canada closer to taking full possession the plane and he believes this will happen “imminently” in spite of court challenges.
Russia has claimed that Ottawa is undertaking an illegal expropriation and is violating the terms of the foreign investment protocol Moscow signed with Ottawa decades ago.
The Canadian Press has contacted Global Affairs Canada and the Russian embassy in Ottawa for comment.
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