The Russian oligarch who owns a stake in just one of the corporations making HS2 has been sanctioned now by the federal government simply because of his hyperlinks to Russia’s president Vladimir Putin.

Oleg Deripaska is among seven of Russia’s wealthiest and most influential oligarchs, which include Chelsea football club owner Roman Abramovich, who have been strike with sanctions by the Uk.

Last week Building disclosed Austrian civil engineer Strabag, part of the SCS joint enterprise which also involves Costain and Skanska, is 28% owned by Rasperia Trading Ltd, a business by itself owned by Deripaska.


This morning the authorities additional his title to individuals oligarchs who have had their United kingdom property frozen.

In the list, Deripaska is described as “a distinguished Russian businessman and professional-Kremlin oligarch. Deripaska is intently associated with the Govt of Russia and Vladimir Putin. As a result, Deripaska is involved with persons who are involved in destabilising and threatening the territorial integrity, sovereignty and independence of Ukraine.”

Deripaska owns 45% of London-detailed mining business En+ Group, which experienced its shares suspended very last week.

Yesterday, Costain boss Alex Vaughan stated Strabag remained section of the SCS consortium which is carrying out £2bn truly worth of tunnelling contracts close to London.

He informed Setting up: “Strabag is continue to portion of the consortium, there are no strategies at the minute to stand them down. HS2 are doing work with us on it. We’ve not been asked to acquire any motion at this stage.”

Equally Strabag, which had a turnover of £12.2bn and a pre-tax financial gain of £507m in 2020, and HS2 have been contacted for remark.