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Mar 02, 2022 (newstodate): Embarrassing, but not lethal, to the world's largest tour operator TUI is the fact that one Russian oligarch holds 34 percent of the stake in the company.
   In the spotlight is the Russian TUI major shareholder Alexey Mordashov, now on the EU Sanctions list.
   Thanks to his ownership position, Mr Mordashov is also one of 20 representatives on the Supervisory Board elected by TUI shareholders at the Annual General Meeting.
   -However, our company is run by the Executive Board, like any German public limited company, and not by the shareholders or the Supervisory Board. We, therefore, assume that any restrictions or sanctions against Mr Mordashov will not have any lasting negative consequences for us as a company, says TUI Group CEO Fritz Joussen in an internal statement to TUI employees.