by Leyland Cecco in Toronto on (#670DJ)
Government plans to seize C$26m from Granite Capital Holdings, owned by sanctioned former Chelsea FC ownerCanada 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. Continue reading...