Less Ads, More Data, More Tools Register for FREE

Pin to quick picksEvraz Share News (EVR)

  • This share is currently suspended. It was suspended at a price of 82.52

Share Price Information for Evraz (EVR)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 82.52
Bid: 0.00
Ask: 0.00
Change: 0.00 (0.00%)
Spread: 0.00 (0.00%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 82.52
EVR Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UK freezes assets of Roman Abramovich steel firm Evraz

Thu, 05th May 2022 18:51

(Alliance News) - The British government said Thursday it had frozen the assets of the UK-based steel and mining firm Evraz PLC as it is of strategic significance for Russia's military campaign in Ukraine.  

Evraz's main shareholder is Russian oligarch Roman Abramovich, who is already under sanctions, and its main operations are in Russia.

Adding the firm to its sanctions list, London noted that Evraz produces almost all of the railway tracks used in Russia and over a quarter of railway wheels.

"This is of vital significance as Russia uses rail to move key military supplies and troops to the frontline in Ukraine," the British government said in a statement.

It noted that Evraz's core operations are in Russia where it is a major employer. 

"These sanctions will further chip away at Putin's financial reserves and siege economy, and support Ukraine's continued resistance," said the British government.

It added that the asset freeze means no UK citizen or company can do business with Evraz, and will further deter companies operating in strategic sectors in Russia. 

Contacted by AFP, Evraz did not have any comment on Thursday afternoon.

Chelsea owner Abramovich was placed on the UK's sanction list at the beginning of March, which led to the resignation of most of Evraz's board of directors.

The company said numerous times that with a 28.64% stake Abramovich was a significant investor but did not control the company.

The firm also objected to statements in the British government documents sanctioning Abramovich that Evraz had possibly furnished steel to the Russian military that may have been used in the manufacture of tanks.

Britain said Thursday it had sanctioned more than 1,000 individuals and 100 firms since the start of the Russian invasion in Ukraine in February.

source: AFP

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
25 Sep 2020 09:35

UK BROKER RATINGS SUMMARY: RBC Adds TT To 'Top 10', William Hill Out

UK BROKER RATINGS SUMMARY: RBC Adds TT To 'Top 10', William Hill Out

Read more
20 Aug 2020 16:59

LONDON MARKET CLOSE: Worrisome US Fed Weighs On European Stocks

LONDON MARKET CLOSE: Worrisome US Fed Weighs On European Stocks

Read more
20 Aug 2020 12:14

LONDON MARKET MIDDAY: Stocks Fall As Fed Gives Markets Reality Check

LONDON MARKET MIDDAY: Stocks Fall As Fed Gives Markets Reality Check

Read more
20 Aug 2020 11:14

UK WINNERS & LOSERS SUMMARY: Frasers Rises On Elevation Strategy Push

UK WINNERS & LOSERS SUMMARY: Frasers Rises On Elevation Strategy Push

Read more
20 Aug 2020 08:55

LONDON MARKET OPEN: Antofagasta Falls After Slashing Dividend

LONDON MARKET OPEN: Antofagasta Falls After Slashing Dividend

Read more
13 Aug 2020 16:04

UK Dividends Calendar - Next 7 Days

UK Dividends Calendar - Next 7 Days

Read more
12 Aug 2020 09:09

UK BROKER RATINGS SUMMARY: Davy Cuts IAG To Neutral From Outperform

UK BROKER RATINGS SUMMARY: Davy Cuts IAG To Neutral From Outperform

Read more
12 Aug 2020 08:13

LONDON BRIEFING: UK Suffers Worst Economic Decline Since 1955

LONDON BRIEFING: UK Suffers Worst Economic Decline Since 1955

Read more
7 Aug 2020 09:41

UK BROKER RATINGS SUMMARY: Jefferies Starts Greggs With Buy Rating

UK BROKER RATINGS SUMMARY: Jefferies Starts Greggs With Buy Rating

Read more
6 Aug 2020 09:45

TOP NEWS: Evraz Earnings Take Hit From Slump In Steel Markets

TOP NEWS: Evraz Earnings Take Hit From Slump In Steel Markets

Read more
30 Jul 2020 16:06

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

Read more
30 Jul 2020 11:12

Evraz Posts Higher Quarterly Sales But Production Declines

Evraz Posts Higher Quarterly Sales But Production Declines

Read more
30 Jul 2020 08:19

Evraz warns of 'uncertainty' around FY output and sales

(Sharecast News) - Shares in mining group Evraz were under pressure in early trading on Thursday after the group warned of "uncertainty" around output and sales amid ongoing turmoil in oil and gas markets.

Read more
23 Jul 2020 16:02

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

Read more
22 Jul 2020 09:48

UK BROKER RATINGS SUMMARY: Berenberg Upgrades easyJet To Buy From Hold

UK BROKER RATINGS SUMMARY: Berenberg Upgrades easyJet To Buy From Hold

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.