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Canada Begins Process Aimed At Seizing Assets Of Russian Oligarch Abramovich

Russian billionaire Roman Abramovich (file photo)
Russian billionaire Roman Abramovich (file photo)

Canada's government on December 19 announced the start of a process to seize $26 million in assets from a company owned by sanctioned Russian oligarch Roman Abramovich. Ottawa said it would seek a court application for the forfeiture of Abramovich's Granite Capital Holdings and use the proceeds for the reconstruction of Ukraine. While several of its Western allies have seized yachts, oil and gas ventures, and other assets of people close to Russian President Vladimir Putin, this is the first time Canada is moving to do so. To read the original story by RFE/RL’s Ukrainian Service, click here.

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    RFE/RL's Ukrainian Service

    RFE/RL's Ukrainian Service has seen its audience grow significantly since Russia's full-scale invasion in February 2022 and is among the most cited media outlets in the country. Its bold, in-depth reporting from the front lines has won many accolades and awards. Its comprehensive coverage also includes award-winning reporting by the Donbas.Realities and Crimea.Realities projects and the Schemes investigative unit.

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