Ottawa to Attempt Confiscating Russian Oligarch Assets, a First in Sanctions Regime

Started by Epoch-Times-Bot, Dec 19, 2022, 11:24 AM

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Epoch-Times-Bot

Dec 19, 2022, 11:24 AM
Ottawa to Attempt Confiscating Russian Oligarch Assets, a First in Sanctions Regime

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 Mélanie Joly says Canada will try to seize and forfeit US$26 million, or about C$36 million, from a firm owned by Roman Abramovich.
Abramovich 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....

Source: Ottawa to Attempt Confiscating Russian Oligarch Assets, a First in Sanctions Regime

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Aug 25, 2024, 09:19 AM
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