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Order Respecting the Restraint of Property Situated in Canada (Roman Arkadyevich Abramovich) (SOR/2022-279)

Regulations are current to 2024-05-28

Order Respecting the Restraint of Property Situated in Canada (Roman Arkadyevich Abramovich)

SOR/2022-279

SPECIAL ECONOMIC MEASURES ACT

Registration 2022-12-15

Order Respecting the Restraint of Property Situated in Canada (Roman Arkadyevich Abramovich)

P.C. 2022-1361 2022-12-15

Whereas the Governor in Council is of the opinion that the actions of the Russian Federation constitute a grave breach of international peace and security that has resulted in a serious international crisis;

And whereas there is property situated in Canada that is owned — or that is held or controlled, directly or indirectly — by Roman Arkadyevich Abramovich, a national of the Russian Federation who does not ordinarily reside in Canada;

Therefore, Her Excellency the Governor General in Council, on the recommendation of the Minister of Foreign Affairs, under paragraph 4(1)(b)Footnote a and subsection 4(1.1)Footnote b of the Special Economic Measures ActFootnote c, orders Citco Bank Canada to restrain the amount of US$26,073,990.35 that is owned — or that is held or controlled, directly or indirectly — by Roman Arkadyevich Abramovich and that is credited to a bank account held by Manticore Fund (Cayman) LTD with Citco Bank Canada in such a manner that no dealing can be carried out with respect to that amount.

 

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