russian oligarchs

Canada will try to seize and forfeit US$26 million, or about C$36 million, from Granite Capital Holdings Ltd., a firm owned by Roman Abramovich, Foreign Affairs Minister Melanie Joly's office announced Monday.

The federal government is working with G7 allies to craft new legislation that would allow for not just the freezing of sanctioned Russian assets, but seizing them on behalf of Ukrainian war victims.

The same day the federal government slapped 15 Russian officials with sanctions, a new report revealed Canada’s clean reputation and weak transparency laws have made it a preferred place for transnational tax-dodgers and criminals to set up shell corporations.