Hotel owned by Russian oligarch Oleg Deripaska is seized by a Russian court
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Hotel of billionaire Russian oligarch Oleg Deripaska is seized by a Russian court
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An £820 million luxury hotel complex owned by Oleg Deripaska has been seized by a Russian court.
Deripaska, one of the few Russian oligarchs to have criticized Vladimir Putin’s war in Ukraine, has been ordered to hand over his Imeretinsky hotel and marina project in Sochi.
The seizure could be a sign of mounting pressure on powerful Russians like Deripaska, who has faced sanctions from the US, UK and EU.
Court order: Oleg Deripaska is one of few Russian oligarchs to criticize Vladimir Putin’s war in Ukraine
The metal magnate said earlier this year that “destroying Ukraine would be a colossal mistake” as he broke ranks in the official Kremlin line.
He also took to Twitter in March to express concern about the war, saying: “We need peace as soon as possible, as we have already passed the point of no return.”
The court order against Deripaska’s hotel complex is the result of a legal battle between him and a scientific and educational center founded under Putin.
The Financial Times reported that the Sirius Federal Territory, founded by Putin to educate Russia’s brightest kids, has filed three lawsuits against RogSibAl, a company owned by Deripaska, 54.
A judge sentenced Deripaska in September. This led to the seizure of RogSibAl’s property in Sochi.
It is alleged that the legal decision was made after the Kremlin asked Deripaska to stop criticizing the war.
Putin’s spokesman Dmitry Peskov said it was “absolutely incorrect” to link the court order to Deripaska’s views on the war.