Tourism: Second split of TUI AG after Mordashov now Vladimir Lukin

After the Russian oligarch Alexei Mordashov left the supervisory board of TUI AG, Vladimir Lukin also announced his resignation.

Second departure from TUI AG after Alexei Mordashov... Vladimir Lukin, member of the Supervisory Board of TUI AG, has resigned from the Supervisory Board.

This makes Vladimir Lukin the second Russian board member to resign from the TUI AG Supervisory Board after the Russian attack on Ukraine.

Lukin submitted his resignation on Thursday 3 March and TUI AG management approved the decision on Friday 4 March.

Vladimir Lukin has been a member of the Supervisory Board of TUI AG since 5 June 2019.

As we all know, earlier this week Russian oligarch Alexey Mordashov resigned from the company's board of directors.

In addition, Vladimir Lukin is Vice President of Moldashov's private investment company Severgroup.

Alexey Mordashov's luxury yacht was confiscated

Italy seized the $65 million yacht from Aleksey Mordashov, TUI's largest shareholder.

It has been reported that Alexei Mordashov, the largest shareholder of the world's largest travel group TUI, has seized the $65 million luxury yacht Lady M in Italy as part of the EU sanctions against Russia.

Italy is understood to be preparing to seize Moldashov, whose personal wealth is worth $23 billion as of 2021, for €140 million.

"Italy is preparing to seize 140 million euros in assets from Russian billionaires in the next few hours," Italian Foreign Minister Luigi Di Maio said on TV last night.

A few days ago, Germany confiscated the $600 million yacht owned by Russian billionaire Alisar Usmanow in the port of Hamburg.

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