The UK governmet has not suggested listed Russian companies will be subject to sanction3 Mar 2022 07:59
Let's look first at the main Russian companies listed on the London Stock Exchange.
Three have a direct listing, and they are FTSE 100 steelmaker Evraz (EVR), gold miner Petropavlosk (POG), and the FTSE 250’s Polymetal (POLY). Shareholder value is evaporating rapidly at these companies, with heavy daily falls seen – Evraz and Polymetal, for instance, have lost more than three quarters of their value so far this year. The UK governmet has not suggested listed Russian companies will be subject to sanctions. However, some MPs have called for an asset freeze on Chelsea Football Club owner Roman Abramovich, who has a sizeable stake in Evraz.