Abramovich-linked steel firm denies providing material for Russian tanks
A steel company that is 29% owned by Roman Abramovich has denied a government claim that it may have provided raw material to build Russian tanks, after sanctions imposed on the Russian oligarch led to its shares being suspended on the London Stock Exchange.
The Financial Conduct Authority said trading in Evraz shares had been halted “pending clarification of the impact of UK sanctions”.
Evraz has not been added to the list of Russian firms – such as Gazprom and Sberbank – whose shares have been suspended as a result of facing sanctions themselves.
But Abramovich’s UK assets have been frozen, meaning he cannot sell his 29% stake in the London-listed steel and coal company. The official government sanctions announcement also claims that Abramovich effectively controls the company, that it may have made steel for Russian tanks and that it supplied goods and services to the Russian government that could contribute to the invasion of Ukraine.
https://www.msn.com/en-us/money/companies/abramovich-linked-steel-firm-denies-providing-material-for-russian-tanks/ar-AAUSXdR