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Canada will attempt to confiscate assets from Russian oligarch Roman Abramovich

OTTAWA – The federal government says it plans to target a Russian oligarch using a law to confiscate and divert assets held by people who have been sanctioned.

Foreign Affairs Minister Melanie Joly says Canada will try to seize and forfeit US$26 million, or about C$36 million, from a firm owned by Roman Abramovich.

Abramovich is close to Russian President Vladimir Putin and the former owner of Chelsea Football Club in England.

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