Canada’s government has released a series of sanctions against Russia as a form of response to the nation’s current occupation in Ukraine. Among these sanctions includes economic limits on Russian oligarch and Chelsea owner Roman Abramovich.
The sanctions will effect the oligarch’s financial stakes in steel company Evraz, a British mining and steel company that has plants in Canada.
32 other organizations directly associated with aiding the Russian military were also sanctioned, as was the Russian foreign intelligence service.
Russian elites will be barred from doing business with Canada, and their assets will be frozen according to PM Justin Trudeau. Abramovich has a 28% stake in Evraz. Trudeau is confident that these sanctions will have no effects on the 1700 Evraz Regina employees.
“The sanctions on Russian officials and oligarchs like Abramovich are directed at them so that they cannot profit or benefit from economic activities in Canada… We are obviously going to watch carefully, but we are confident that this will not impact the hard working Canadians who are doing good work in companies across the country,” Trudeau told reporters before leaving Warsaw during his Europe trip.
The US treasury department reported that Abramovich has direct ties to Russian president Vladimir Putin.
See also from Ukraine News:
- McDonald’s Among List of 300+ Companies Leaving Russia
- Updates on Russia’s invasion of Ukraine: Maternity hospital hit by Russian airstrike
- Russian Government Releases List of “Unfriendly Countries”
Thumbnail photo by: https://www.flickr.com/photos/tomasdelcoro/
