The Star recently revealed thathad been awarded to Strabag, a construction company partly owned by the sanctioned Russian oligarch, Oleg Deripaska.
In the United States, the answer is clear. If a sanctioned person owns 50 per cent of a company, that company is sanctioned too.They cover property that “is directly or indirectly owned or controlled by a listed person or an entity owned or controlled by such a person,” according to a governmentDespite repeated requests for elaboration, the federal government would not say how much of a company a sanctioned Russian can own before the sanctions apply to that company.
“It’s good to have a definition. But I suspect that 50 per cent ownership is difficult to assess because there might be a chain of ownership. It’s sort of like a Russian doll (where someone) owns that 50 per cent through a number of different companies,” she said. “If the company is not owned directly by the person in question, then obviously it becomes very difficult to really apply the sanction.
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TorontoStar » / 🏆 60. in CA Attrocity propaganda and more. Our media doesn't care about truth, how we got here or peace. The longer they can sell this, the happier they be. Our side started this war long before the first shots were fired.
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