The federal government plans to target a Russian oligarch using a law to confiscate and divert assets held by people who have been sanctioned.
Canada will try to seize and forfeit US$26 million, or about $36 million, from Granite Capital Holdings Ltd., a firm owned by Roman Abramovich, her office announced Monday.We deliver the local news you need in these turbulent times on weekdays at 3 p.m.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc.
Joly’s office said 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.
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