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Plutocracy vs. oligarchy
Plutocracy vs. oligarchy













plutocracy vs. oligarchy plutocracy vs. oligarchy

Last spring, billionaire oligarch Igor Makarov also became the largest shareholder in a Calgary-based natural gas company.Īccording to filings from Spartan Delta Corp., Makarov's investment group, ARETI Energy S.A., has a 21 per cent stake in the mid-sized company.

plutocracy vs. oligarchy

Kenney has pushed for the resurrection of Keystone and for Canada to build other pipelines to champion Alberta oil over "dictator oil."Ībramovich helped launch Putin's presidency and was a key advisor in the selection of his cabinet. The company is also a major supplier for the Coastal GasLink Pipeline and supplied materials for the now-dead Keystone XL project. The federal government says all of that pipe was delivered by the summer of 2021. Roman Abramovich holds a 28.6 per cent stake in Evraz, a steel company based in the United Kingdom with North American offices in Alberta and Saskatchewan.Įvraz North America is supplying 58 per cent of the steel used to construct the 1,150-kilometre Trans Mountain Pipeline expansion. They are not on Canada's list of sanctions. Treasury Department list of people with alleged ties to Putin have benefited from business in Alberta. Canada to ban Russian oil imports, send anti-tank weapons and ammunition to Ukraine, says Trudeau.WATCH | Alberta premier says 'every barrel of Russian oil is filled with Ukrainian blood': "I further call on the Government of Canada and our allies around the world to be relentless in freezing the assets of and making life impossible for the billionaire plutocrats of Putin's Russia, his enablers, who have assets here in Canada and all around the world, who have profited from two decades of corruption and aggression," Kenney told Alberta's legislature last week. However, an expert says any measures would be more symbolic than economic. It has been pounding civilian targets in Ukraine's second-largest city of Kharkiv, and a convoy of tanks and other vehicles continues to threaten the capital, Kyiv.Īttention has been turning to oligarchs with stakes in Canada's natural resource sectors, including a broad call for sanctions from the premier. Russia's invasion of Ukraine is now in its sixth day. Alberta Premier Jason Kenney is calling on the federal government to spare no effort in freezing the Canadian assets of Russian oligarchs with ties to Vladimir Putin.Ĭanada has introduced several rounds of economic sanctions against Russia and some of its oligarchs, and has halted export permits to the country.















Plutocracy vs. oligarchy