Russian oligarch linked to Putin has stake in firm building HS2

By Joey Gardiner and Dave Rogers2022-03-03T17:06:00

Oleg Deripaska is part-owner of firm involved in more than £2bn of HS2 tunnelling work

A firm part-owned by a Russian oligarch with links to his country’s president, Vladimir Putin, has a major role on building the HS2 project, Building can reveal.

Austrian civil engineer Strabag, part of the SCS joint venture which is undertaking more than £2bn worth of tunnelling contracts on the rail megaproject, is 28% owned by Rasperia Trading Ltd, a business itself owned by Russian industrialist Oleg Deripaska.

The Strabag website, which details the shareholding, describes Rasperia as one of its “core shareholders”.

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