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HS2 contractor cuts ties with stakeholding Russian oligarch

The Austrian tunnelling specialist is 28% owned by Rasperia Trading, which itself is controlled by the Russian oligarch.

Deripaska’s connection to Strabag has raised attach a matter to’s about the contractor’s three-manner joint mission with Costain and Skanska, currently accomplishing virtually £2bn of work on the HS2 project.

Sarah Green, MP for Chesham and Amersham, this week known as on Transport Secretary Grant Shapps to prick HS2’s ties with the company.

She moreover wrote to HS2 chief government Brand Thurston urging that it suspend works undertaken by Strabag and terminated all contracts with the company.

HS2 refused to yell on the connection after the UK Government final week announced it become freezing sources of seven Russian oligarchs seen as being reliable-Kremlin including Deripaska.

Lately Strabag Neighborhood’s foremost board revealed its foremost family shareholder become cutting ties with the Rasperia buying and selling firm owned by Deripaska.

Strabag mentioned in a statement that its foremost shareholder, the Haselsteiner Family Non-public Foundation, had ended a syndicate agreement with Rasperia, UNIQA and Raiffeisen after efforts to fracture the stake that the Russian firm holds in Strabag failed.

The four groups shared possession of Strabag thru the agreement space up in 2007.

“We’re enchanting to consume all legally that you just will seemingly be able to be in a quandary to bring to mind measures to avert any damage to the firm. In see of the sanctions for the time being imposed by the UK and Canada, this refers in explicit to the associated fee of dividends,” mentioned Thomas Birtel, CEO of Strabag.

“As far as Strabag’s Russian enterprise is anxious – for the time being of subordinate importance with 0.3 % of the neighborhood’s output quantity – the management board has decided to wind up the activities in that nation.”

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