Canada sanctions Russian billionaire Roman Abramovich

FAN Editor
FILE PHOTO: Russian billionaire and owner of Chelsea football club Roman Abramovich arrives at a division of the High Court in central London
FILE PHOTO: Russian billionaire and owner of Chelsea football club Roman Abramovich arrives at a division of the High Court in central London October 31, 2011. REUTERS/Andrew Winning/File Photo

March 11, 2022

(Reuters) -Canada imposed sanctions on five Russian individuals including billionaire Roman Abramovich and is barring 32 Russian companies and government entities from receiving defense equipment or supplies from Canada, Prime Minister Justin Trudeau said in Warsaw on Friday.

“These individuals will be prevented from dealings in Canada and their assets will be frozen,” Trudeau told reporters.

On Monday, Canada slapped sanctions on 10 individuals close to the Russian leadership over Moscow’s invasion of Ukraine.

Trudeau said he would not rule out an airlift to help Ukrainians who have fled the country since Russia invaded on Feb. 24. He said his government was looking at all options and planned to do more to help.

Canada and its allies will remain united in their conviction that Russian President “Vladimir Putin has made a terrible mistake and will end up losing, despite how many bombs he can drop on hospitals, or perhaps even because of it. There is no win in this for him,” Trudeau said.

Moscow denies it has been targeting civilians in what it calls a “special operation” to disarm and “de-Nazify” Ukraine.

Abramovich is the largest shareholder in Russian steelmaker Evraz. Trudeau said the move won’t affect the Canadian operations of Evraz North America, according to the Globe and Mail.

(Reporting by Doina Chiacu in Washington and Shivam Patel in Bengaluru; Editing by Toby Chopra and Hugh Lawson)

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