6th May 2022 15:46
(Alliance News) - Evraz PLC noted on Friday that it has been included on the UK government's sanction list.
The London-headquartered steel manufacturer and mining company explained that it was officially added to the list on Thursday.
Evraz's main shareholder is Russian oligarch Roman Abramovich, who is already under sanctions, and its main operations are in Russia.
Evraz in March was cut from FTSE Russell indices due to insufficient liquidity, amid the sanctions against Russia. It was a FTSE 100 constituent, but already had been due to be demoted from the index as part of a quarterly review.
Also in March, the Financial Conduct Authority temporarily suspended Evraz's listing, "in order to protect investors pending clarification of the impact of UK sanctions". The stock remains suspended.
By Heather Rydings; [email protected]
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