Sanctions against Oleg Deripaska: STRABAG itself not sanctioned – no consequences for operating business
14 April 2022
- Sanctions imposed by Canada, UK, Australia and EU against Oleg Deripaska also apply to STRABAG SE shareholder Rasperia
- STRABAG itself not a sanctioned company
- Business relations with STRABAG remain unaffected
After Canada, the United Kingdom and Australia, the European Union on 8 April 2022 added Oleg Deripaska to its sanctions list. The sanctions also apply to MKAO Rasperia Trading Ltd. STRABAG is not a sanctioned company, as STRABAG SE is not and never has been controlled by Rasperia (or indirectly by Mr. Deripaska) as defined by the sanction regulations. For private companies as well as the public sector, doing business with STRABAG is therefore in no way against the sanction rules.
STRABAG continues to comply with all applicable legal provisions and is taking all necessary measures with regard to Rasperia to ensure compliance with the applicable sanction provisions.
“Based on the British and Canadian sanctions, we had already on 15 March decided not to pay a dividend to Oleg Deripaska. His addition to the EU’s sanctions list further substantiates this decision. Beyond the payment of the dividend, no other business relationship with Oleg Deripaska exists,” says CEO Thomas Birtel.
The asset freeze imposed by the EU blocks the exercise of all rights associated with Rasperia’s STRABAG SE shares. The company further announced on 13 April 2022 that an extraordinary General Meeting will be held on 5 May 2022 to recall the members of the Supervisory Board nominated or delegated by Rasperia.
