Another Russian billionaire's Latvian state award taken away

The Russian billionaire Alexei Mordashov's Latvian State decoration – the Cross of Recognition – has been taken away by the Chapter of Orders, which is responsible for administering Latvia's system of state awards, LETA reported on March 10.

Mordashov was awarded the Cross of Recognition by former president Andris Bērziņš in 2013.

Alexei Mordashov, who has been named Russia's richest man, is currently on the EU sanctions list. Mordashov is the true beneficiary of the metallurgy company Severstral Distribution, which worked on a turnover of EUR 700 million in 2020 and employed 200 workers, according to Lursoft data. Mordashov also owns the tourism company TT Baltics and the franchise of tour operator TUI.

As reported earlier, Mordashov is not the first businessman to have his award taken away due to associations with Kremlin and Putin's regime. Pyotr Aven's Order of the Three Stars was taken away on March 2. 

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