Joly says Canada will try to seize and forfeit US$26-million, or about $36-million, from a firm owned by Abramovich
The federal government says it plans to target a Russian oligarch using a law to confiscate and divert assets held by people who have been sanctioned.
Foreign Affairs Minister Melanie Joly says Canada will try to seize and forfeit US$26 million, or about C$36 million, from a firm owned byAbramovich is close to Russian President Vladimir Putin and the former owner of Chelsea Football Club in England. Joly’s office says she “will now consider making a court application” to seize these assets and divert them to the reconstruction of Ukraine – marking the first time the law has been used in this way.
Parliament granted these powers in June and a recent poll found that Canadians widely support the idea. Joly’s office expects to file the case this month and says this would be the first time a G7 country has implemented such a measure.
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