Canada targets Abramovich company for Ukraine sanctions seizure
by Leyland Cecco in Toronto from on (#670DJ)
Government plans to seize C$26m from Granite Capital Holdings, owned by sanctioned former Chelsea FC owner
Canada plans to seize C$26m (US$19m) from a company owned by the sanctioned Russian oligarch Roman Abramovich, the federal government said on Monday.
The pursuit of Abramovich's Granite Capital Holdings marks a first attempt by Ottawa to seize assets belonging to a sanctioned individual and reflects a broader strategy to punish Russia and its wealthy elite for the invasion of Ukraine.
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