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Russia's Polyus board decides against keeping London GDR, ADR listings

Thu, 22nd Jun 2023 11:45

This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine

MOSCOW, June 22 (Reuters) - Russian gold producer Polyus on Thursday said its board had decided against maintaining its Global Depositary Receipt (GDR) and American Depositary Receipt (ADR) listings on the London Stock Exchange.

Washington last month included Polyus and Polymetal's Russian business - the largest gold producers in Russia - on its list of sanctions targets, aiming to punish Russia for the conflict in Ukraine.

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