The Government of Canada had ordered the seizure of a Russian-registered cargo aircraft currently grounded at Toronto Pearson Airport, pursuant to the Special Economic Measures Act.

"The targeted Russian aircraft, an Antonov 124, is believed to be owned by a subsidiary of Volga-Dnepr Airlines LLC and Volga-Dnepr Group, two entities against which Canada recently imposed sanctions due to their complicity in President Putin's war of choice," the statement released by Global Affairs Canada, said.

It added that the "seizure of the asset" was made possible by the new asset seizure and forfeiture authorities under Canada's autonomous sanctions regimes put forward in Budget 2022 and is in direct response to Russia's full-scale invasion of Ukraine that began on February 24, 2022.

"The seizure of this important asset is the first step of the Government of Canada's action under the asset seizure and forfeiture regime and is designed to put additional pressure on Russia to stop its illegal war against Ukraine by straining its economic system and limiting resources that fuel the war," the statement said.

It added that the Russian cargo aircraft is the first physical asset seized by the Government of Canada under this regime and, second, overall seized and restrained under the Special Economic Measures Act.

"The Government of Canada will seize the asset and manage it in accordance with federal legislation. Should the asset ultimately be forfeited to the Crown, Canada will work with the Government of Ukraine on options to redistribute this asset to compensate victims of human rights abuses, restore international peace and security, or rebuild Ukraine," it added.

The Canadian government noted that by authorizing the seizure of the Antonov 124, Canada reaffirms that impunity is not an option for those who have profited from Russia's illegal war in Ukraine."

"Today, Canada is sending a clear message to the Russian regime that there will be nowhere left to hide for those who support and profit from the Kremlin's war of aggression. Canada has been there to support Ukraine's fight for freedom since day one, and we will continue to be there through their victory to aid in their reconstruction efforts," said Mélanie Joly, minister of foreign affairs.

Omar Alghabra, minister of transport, also echoed the same warning.

"Our Government is unwavering in our commitment to Ukraine's sovereignty and against Russia's illegal invasion. From the beginning, we have stood on the side of the Ukrainian people and implemented a NOTAM against all Russian-owned and operated flights into Canada. Today, we are demonstrating that Russia's actions continue to have consequences," Alghabra said.

"We stand with Ukraine and will take any and all necessary actions, including this seizure, to put pressure on President Putin," he added.