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We don't hold shares in a Russian company.

I'm sure the Russian subsidiaries will be just fine (hence why sanctioning the parent company makes little sense) but the UK entity Evraz itself is in a different situation.

Dingo - that doesn't matter to us. We don't hold shares on the NA subsidiary. Evraz holds those shares.

Not sure where the common ground would be for a negotiated Peace Treaty. Ukraine said it will fight for all of its territory that has been occupied. Russia won't be happy without gaining as much territory as it can.

Add to the mix that the Minsk agreements were cast aside by Russia, it's hard to see any progress towards peace without regime change.

I blame that slaphead Iain Duncan Smith myself.

https://www.thisismoney.co.uk/money/markets/article-10570785/Kick-Russian-firms-stock-market-Backlash-grows-Moscow-links.html

Well, it's not all bad news. The link makes no reference to supplying the Russian military or tanks.

We're guilty of supplying the Russian rail industry! What a load of tosh.

We should keep in mind that the main reason Evraz was suspended was that's its largest shareholder was sanctioned.

Do you really think that the UK government is going to drop RA from the list of sanctioned individuals within a few weeks of Russia declaring victory?

Hope you're right but I can't see it myself.

Assuming the worst and Evraz lost RASP, the operations in Russia and all the cash held by Russian banks then Evraz would be left with the non-Russian assets and cash in non-Russian bank accounts.

That would still retain some value in the company but it would be a real kick in the danglies for us minority holders. I:m sure the oligarchs would get the assets back in some shape or form that eventually as long as they don't upset you know who.

If this Bill does go through, Evraz (as a foreign legal entity) will be in an interesting situation. Yes, it does have an interest in RASP that could be confiscated. Yes, it does have Rissian operations that could be confiscated. However, the majority shareholders of Evraz are Russian oligarchs so Russia would mostly be penalising Russian owners. That is unless they are taking with one hand and giving back with the other.

I guess they could take assets away from Evraz in order to penalise the minority shareholders, but would they really be interested in us little guys? Maybe, but they must have bigger fish in mind...

Lodan1 are you referring to the draft Bill detailed in the link below?

https://sanctionsnews.bakermckenzie.com/draft-bill-on-nationalization-of-russian-assets-owned-by-foreign-persons/

"Topping up now is going to look awfully silly when the price is 20p"

Wow! That's coming for somebody who looks awfully silly on here on a regular basis...

Yeah, WolfofWarks! There's no way you could comprehend that put down because you haven't reached the dizzying heights of... an office manager ;)

Ladies and Gentlemen, give it up for Mr Sigmund Freud :)

LB21 - come on, be honest. You want shares but can't get any, right...? Just buy a fund that already has a holding shares and then you've done all you can. No need to come on here with nonsense about Evraz going bust. This stock may be worth nothing in a couple of given scenarios but Evraz going bust isn't one of them.

Sorry, what point WoW?

My reading of the RNS is that Evraz is deleted from the FTSE indecies, but it remains listed on the LSEG.

Apologies, if I:be made a mistake. I'd like to be abusive towards you too but I honestly can't be bothered. Catching up on Eastenders atm.

Further to the FTSE Russell notice released 11 March 2022, detailing the removal of several UK companies due to difficulty in trading, please see details of affected indexes and effective dates below:

Evraz (UK, B71N6K8) will be deleted from the index.

Polymetal International (UK, B6T5S47) will be deleted from the index.

Petropavlosk (UK, 3154454) will be deleted from the index.

Raven Property Group (UK, B0D5V53) will be deleted from the index.

NB Private Equity Partners (UK, B28ZZX8) will be added to the FTSE 250 Index, and deleted from FTSE SmallCap Index.

Standard Life Private Equity Trust (UK, 3047468) will be added to the FTSE 250 Index, and deleted from FTSE SmallCap Index.

All changes are effective from 21 March 2022.

The Financial Times Stock Exchange (FTSE), now known as FTSE Russell Group, is a British financial organization that specializes in providing index offerings for the global financial markets. The London Stock Exchange Group (LSEG) owns the FTSE Russell Group. In addition to the FTSE Russell Group, the LSEG also owns the Borsa Italiana, Millennium IT, and other financial brands.

This is more of a spirited mass debate.

On that note, I'm off to throw up now...

It's also no longer an FTSE company, never mind FTSE 100 :/

If it delist then anything can happen. I'll leave it at that and keep my fingers crossed for all of us. Yes, even you logan1.

Logan1 - let me look into that. I've not got to the Daily Star yet. I don't think RA is risking his health attending these meetings between Russia and Ukraine simply because he is bored. Do you?

hopeful118 - that is a very valid point. But the multi bagging opportunity is there for long term holders, if they are prepared to take a bit of stick. What price do you put on a reputation anyway? It's not like oligarchs need to get references to do business. They just set up one shell after another and before you know it you can't get to the bottom of who you are dealing with. That's part of the current problem already.

I only had a bit of fluff I'm afraid. Uncharted waters is where we are.

Oligarchs are feeling the squeeze and we don't know what this will lead to over time. It could become an option for them to try and protect assets in any way they can.

https://www.mirror.co.uk/news/uk-news/mega-rich-russian-oligarchs-surrey-26620376