💶 The EU may make concessions to Austria to approve the 19th package of sanctions against Russia, – FT

A compromise on the EU’s 19th sanctions package may involve the partial unfreezing of assets linked to Russian oligarch Oleg Deripaska, reports the Financial Times.

Source: Censor.NET

According to sources, this concerns Deripaska’s assets in the Austrian construction company Strabag, valued at around €2 billion. These assets are to be transferred to Raiffeisen Bank as compensation for a fine the bank paid following a Russian court ruling in favor of Deripaska’s business.

Previously, Raiffeisen and Deripaska attempted to exchange assets to unfreeze the oligarch’s 24% stake in Strabag, but the plan was not implemented due to risks of violating EU sanctions. Some European officials have expressed concern that such a move could legitimize Russian oligarchs’ attempts to evade sanctions.

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The new version of the sanctions package will be discussed on October 3, and it is expected that ambassadors from several EU countries will oppose the unfreezing of the assets.