Canada to seize assets of sanctioned Russian oligarch Abramovich

The Canadian government said on Monday it will start the process
to seize and pursue the forfeiture of $26 million from Granite
Capital Holdings Ltd, a company owned by sanctioned Russian
oligarch Roman Abramovich, Trend reports citing Al
Arabiya.

The move marks the first case of the Canadian government using
new powers to pursue the seizure of assets belonging to sanctioned
individuals, the foreign ministry said in a statement.

Foreign Minister Melany Joly will now consider making a court
application for the asset forfeiture.

Representatives for Granite Capital Holdings or Abramovich could
not immediately be located to seek comment.