A £820million luxury hotel complex owned by Oleg Deripaska has been seized by a Russian court.
Deripaska, one of the few Russian oligarchs to have criticised Vladimir Putin’s war in Ukraine, has been ordered to hand over his Imeretinsky hotel and marina development in Sochi.
The seizure could be a sign of mounting pressure against powerful Russians such as Deripaska, who has been sanctioned by the US, UK and EU.
Court order: Oleg Deripaska is one of the few Russian oligarchs to have criticised Vladimir Putin’s war in Ukraine
The metals tycoon said earlier this year that ‘destroying Ukraine would be a colossal mistake’ as he broke ranks from the official Kremlin line.
He also took to Twitter in March to voice concerns over 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 science and educational hub established under Putin.
The Financial Times reported that the Sirius Federal Territory, set up by Putin to train Russia’s brightest children, filed three lawsuits against RogSibAl, a company owned by Deripaska, 54.
A judge found against Deripaska in September. This has led to the seizure of RogSibAl’s real estate in Sochi.
It has been claimed the legal decision was made after the Kremlin asked Deripaska to halt his criticism of the war.
Putin’s spokesman, Dmitry Peskov, said it was ‘absolutely incorrect’ to link the court order to Deripaska’s views about the war.
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