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Russian investor in Berlin: 150-meter skyscraper at Alexanderplatz in doubt – Berlin

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In the current question time in the House of Representatives, CDU deputy Oliver Friederici wanted to know what the consequences of the sanctions against Russia would be for “trusted people of the Putin regime” who live in Berlin and have properties in this country.

Finance Senator Daniel Wesener (Greens) said the funds of the listed individuals and organizations had been frozen in accordance with an EU Council regulation. Payments to Russia and Belarus would not be made.

Within the SEPA area, ie the euro payments area, the Bundesbank and the Berliner Sparkasse would automatically compare embargo lists, Wesener said. Payments to Russia and Belarus are manually registered by the state treasury and are not executed. Berlin’s 23 tax offices would also do their job.

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The Russian company “Monarch” wanted to build a 150-meter-high “Alexander Tower” on Alexanderplatz. The site was sold to the Monarch group in 2013, explained the Treasury senator. The talks were held in 2019 because there was a construction obligation. Currently there are also ongoing discussions “because it seems that this company cannot meet its obligations”. Contractual options are currently being examined. This also includes, if necessary, a rollback.

Wesener said more proof of Russian-owned assets was needed. Therefore, he called for a “refinement” of transparency rules at the federal level.

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