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North Sea firm cuts ties with oligarch – but hands power to his associates

The Scottish shipping business says it is no longer attached to billionaire Vagit Alekperov – but questions remain over its links to Russia

North Sea firm cuts ties with oligarch – but hands power to his associates
OEG Group had cut ties with its owner Vagit Alekperov, pictured here with Putin
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A major North Sea shipping firm has broken ties with its oligarch owner – but questions remain over the true extent of its links to Moscow.

Aberdeen-based OEG Group said it was “no longer related” to billionaire Vagit Alekperov, who is a key ally of the Kremlin, and added that it was “fully compliant” with international sanctions.

But the company is now controlled by former executives at the oligarch’s energy company, Lukoil.