Alexei Mordashov: Russia’s richest man is now an EU sanctions target

Oligarch has investments ranging from London-listed travel giant Tui to the ‘personal bank’ of senior Russian officialsRussia: who is on the sanctions lists – at a glanceHe is the Russian oligarch who stepped in to keep travel firm Tui afloat, pumping in cash as international tourism came to a standstill during the pandemic.However, Alexei Mordashov – who owns a third of Europe’s biggest tour operator and is its largest single shareholder – may be becoming something of a liability for Tui, whose shares are listed in London, after the EU added him to its sanctions list on Monday night. Continue reading…

Oligarch has investments ranging from London-listed travel giant Tui to the ‘personal bank’ of senior Russian officials

He is the Russian oligarch who stepped in to keep travel firm Tui afloat, pumping in cash as international tourism came to a standstill during the pandemic.

However, Alexei Mordashov – who owns a third of Europe’s biggest tour operator and is its largest single shareholder – may be becoming something of a liability for Tui, whose shares are listed in London, after the EU added him to its sanctions list on Monday night.

Continue reading…

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