Member

On whether Putin will deliver, I must tell the House that I see no sign yet that he will. The G7 meeting helped us ready the tools to get Russia to negotiate seriously. We are not waiting for the Kremlin. If it rejects a ceasefire, we have more cards that we can play. We can all see the impact that the G7’s unprecedented sanctions have had on Russia’s faltering economy: social spending is down, and inflation and interest rates are sky high. There can be no let-up in our efforts. In Canada, we discussed where we can go further to target Russia’s energy and defence sectors, further squeeze its oil revenues and use frozen Russian assets.