Canada launches process to seize, forfeit asset of sanctioned Russian oligarch Abramovich

By Cristin Schmitz ( December 19, 2022, 3:47 PM EST) -- Minister of Foreign Affairs Mélanie Joly has announced that Canada will seize, and pursue the forfeiture of, US$26 million from Granite Capital Holdings Ltd., owned by Russian oligarch Roman Abramovich who is subject to sanctions under Canada’s Special Economic Measures (Russia) Regulations....