Canada set to seize Abramovich’s assets ...News

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Canada set to seize Abramovich’s assets
Ottawa will be the first among G7 countries to use a law that allows sanctioned assets to be forfeited by a court order Canada intends to arrest and confiscate $26 million from the sanctioned company Granite Capital Holdings owned by Russian billionaire Roman Abramovich, the Canadian Foreign Ministry announced on Monday. Canada, along with the EU and the UK, imposed sanctions on Abramovich shortly after the conflict in Ukraine began in late February. It is the first time Ottawa will be using its new legislation – the Special Economic Measures Regulations – which allows the country’s government to confiscate the sa

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