CANADA SLAPS SANCTIONS ON MORE RUSSIAN OLIGRACHS

Mar 11, 2022

By Bob Komsic

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The Trudeau government is adding five more wealthy Russians to the list of those believed to be enabling Vladimir Putin in the war against Ukraine.
Among those who will be prevented from doing business in Canada and their assets frozen is Roman Abramovich – owner of Chelsea in the English Premier League.
He also holds 28% stake in Evraz – a steel company that has operations in Saskatchewan.
”The sanctions on Russian officials and oligrachs like Abramovich are directed at them so that they cannot profit or benefit from economic activities in Canada — or the hard work of Canadians working in companies that they have investments in,” Trudeau said before boarding a flight for home after visiting the U.K., Germany, Latvia and Poland this week.
The prime minister’s confident there will be no impact on the 1,700 employees who work for Evraz in Regina.
The U.S. Treasury Department says Abramovich has direct ties to Putin.
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