The Russian billionaire, Russia’s richest man, has resigned from the Supervisory Board of TUI, of which he is the main shareholder. The decision comes after he was sanctioned by the European Union as retaliation for Russia’s invasion of Ukraine.
Frequently Asked Questions
Who is Aleksei Mordasov?
Aleksei Mordasov is a Russian billionaire, considered the richest man in Russia and the main shareholder of the TUI tourism group.
Why did Mordasov resign from the TUI Board?
He resigned following sanctions imposed by the European Union against Russian oligarchs after the invasion of Ukraine.
What impact do the sanctions have on his TUI shares?
The sanctions block his access to voting rights and dividends associated with the shares held within the company.