Mr. Chair, I thank the member for his excellent questions.
Mr. Bergeron, you're correct. The estimated value of the bank account we believe is tied to Roman Abramovich is, indeed, $26 million U.S., which is equal to $33 million Canadian. It's the only asset that has officially been seized to date.
You asked me what's happening with that. I'll respond that it's new legislation. These are new measures, so there aren't any precedents yet. It's a complex undertaking, since it's the first.
The goal is to maximize the chances of success. Acting in haste, without a very carefully constructed legal case, probably wouldn't work in our favour if the judicial process failed and we weren't able to have the asset forfeited permanently. You're no doubt aware that Russian oligarchs are quite adept at hiding their assets. In this case, a number of international jurisdictions are requesting access to the account. International law and the laws of the respective countries come into play.
Why, to date, only one—