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Reading: EU imposes sanctions on TransContainer and five other individuals and companies in the Russian Federation | Russia EU sanctions | AFN | Belarus News | Republic of Belarus
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EU imposes sanctions on TransContainer and five other individuals and companies in the Russian Federation | Russia EU sanctions | AFN | Belarus News | Republic of Belarus

Broadcast United News Desk
EU imposes sanctions on TransContainer and five other individuals and companies in the Russian Federation | Russia EU sanctions | AFN | Belarus News | Republic of Belarus

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The European Union on Friday added Russian transport company TransContainer and five Russian individuals and legal entities linked to the military invasion of Ukraine to its sanctions list, the EU Official Journal reported.

Thus, in particular, Transcontainer’s general manager Mikhail Kontserev was sanctioned.

Transcontainer is the largest operator of assembly platforms in the Russian Federation. Its container fleet consists of 141,000 units and its assembly platforms are approximately 41,000 units. The company owns 37 rail terminals in Russia and operates three more terminals as subsidiaries and joint ventures.

In addition, the European Union followed the United States in imposing sanctions on the Russian company, which was supposed to be the party to the sale of shares in the Austrian construction company Strabag SE to Raiffeisenbank.

According to Interfax, MCAO Rasperia Trading Limited has been included in the sanctions list since June 28.

In addition, MCAO’s parent company, JSC Iliadis, is currently also sanctioned. In addition, Titul LLC and its founder Dmitry Beloglazov are also included in the SDN list.

In May, Rasperia, Iliadis, Titul and Beloglazov were sanctioned by the United States, just days after Raiffeisen Bank International (RBI) announced it was abandoning plans to buy a stake in Strabag.

Initially, it was expected that Russia’s Raiffeisenbank would acquire 27.78% of Strabag SE’s capital from Rasperia Trading Limited for 1.51 billion euros. After purchasing the package, Raiffeisenbank planned to transfer Strabag shares to its holding company RBI in the form of dividends. The RBI rejected the deal because it failed to obtain the necessary approvals when it approached the authorities.



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