Canada Slaps Sanctions on Roman Abramovich, other Oligarchs Friday March 11, 2022
Steel company Evraz PLC’s Canadian operations could feel headwinds after top shareholder Roman Abramovich is hit with sanctions.
“Prime Minister Justin Trudeau said Friday that Canada is imposing new sanctions on Russian oligarchs, including Roman Abramovich, as punishment for Russian President Vladimir Putin’s invasion of Ukraine.
Speaking in Warsaw at the conclusion of a trip to Europe, Trudeau said the billionaire and four other individuals would “be prevented from dealings in Canada and their assets will be frozen.”
Canada is the second country to impose sanctions on Abramovich, after Britain did so on Thursday.
Abramovich also owns shares in the British multinational firm Evraz which among other things runs steel plants in Canada.
Trudeau said Canada is slapping sanctions on 32 entities working in the Russian defense sector and five current or former Russian senior officials 'and associates of the regime who are complicit in President Putin’s choice to invade a peaceful and sovereign country.' The list includes Abramovich.
These are the latest in a series of Canadian sanctions against Russia since the invasion began on February 24.”
https://www.timesofisrael.com/canada-slaps-sanctions-on-roman-abramovich-other-russian-oligarchs/