Millions of euros in Albanian public contracts have been awarded to companies linked to the Austrian construction firm Strabag SE, a group in which sanctioned Russian oligarch Oleg Deripaska held a significant stake. According to a report published by the Tirana Times on September 17, 2026, these business interests remained largely obscured because they did not operate through entities directly bearing the oligarch’s name.
The connection between Deripaska and the public contracts was facilitated through Rasperia Trading Limited, an entity through which the oligarch held approximately 28 percent of Strabag SE. The report highlights that while Deripaska was subject to international sanctions, Strabag and its associated companies continued to secure public works projects in Albania.
The situation has raised concerns regarding the effectiveness of Albania’s mechanisms for identifying the ultimate beneficial owners of companies participating in public procurement. The findings suggest that gaps in oversight allowed business interests tied to a sanctioned individual to benefit from public funding, despite the international restrictions placed upon him.
Article source: tiranatimes.com | Image credit: Tirana Times
Stuart Young voices concerns over Special Operations Bill during parliamentary debate.
Tobago’s unusual chocolate chip sea cucumber catches attention with its striking spotted appearance underwater
Governments Mixed Cash‑Non‑Cash Salary Arrears Plan Sparks Truck Act Legal Debate in Trinidad and Tobago
High Court Warns Dale Edwards Could Face Imprisonment Over Alleged Failure To Obey Order
Snoop Dogg Plans “Scoop Dogg” Ice Cream Future as His Dr. Bombay Brand Expands
Trinidad-produced methanol powers four commercial trucks in new Proman and Dumore transport pilot programme