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Evraz says board takes over CEO functions due to sanctions
MOSCOW, June 30 (Reuters) - The board of Russian steel producer Evraz will manage the company after its CEO left his post, Evraz said on Friday.
"Given the UK sanctions imposed on Evraz plc and other technical restrictions, the company is unable to conduct operations. It is therefore extremely difficult to carry out CEO duties in this situation," Evraz said in a statement.
Earlier on Friday, the company said CEO Aleksey Ivanov decided to step down. (Reporting by Anastasia Lyrchikova)
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