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AbjectPerformer - WTF have I ever said that you feel is hypocritical?

Dhub - the reason why a Russian citizen would want to buy your Evraz plc shares is that Russian shareholders are entitled to shares in the Russian subsidiaries that are stripped from the holding company on a pro-rata basis.

If you are Russian and own say 20% of Evraz plc then you get a 20% stake in the Russian subsidiaries when they are stripped from the UK holding company. They can get paid dividends or sell the shares in the subsidiary on the Moscow exchange rather than having all the money tied up in the holding company which is suspended in London. Illiquid assets are turned into liquid assets overnight. That's how Abramovich and other Russian shareholders get access to liquidity that is being denied to them in the UK.

Andrey, for example, will get shares in the Russian subsidiaries and then not really care about what happens to the shares of Evraz plc. He might even flog them back to you at a huge discount just to make a few more Rubles. Non-Russian holders are left with the liquidity issue and reduced valuation of the holding company due to the loss of subsidiaries. Some compensation for us may be available but that is a big MAY as it is at the will of ths Kremlin from what I understand. They've classed the UK as unfriendly so not much chance of that then.

Andrey - if what you say is correct, then all I can say to you is congratulations. You have bought a lot of shares below £1 per share and stand to make a windfall profit simply by virtue of being a Russian citizen.

I know you were down a bit recently because the ESO hadn't been applied to Evraz but it looks like it was worth the gamble for you. Well done.

It is a lousy thing the Russian government is doing to non-Russian shareholders. I'm holding non-certicated Evraz shares in my kids JISAs in the UK so pretty p155ed off about it. However, it's not you I'm blaming for what is going on.

Jotom750 - sorry for the late reply. I don't come on here often now because it's a bit of a Russian love fest at times.

I was only poking fun at you know who. I am quitrr supportive of your views in general. Apologies for any confusion.

I suspect English isn't your first language. I think you meant to write 20.12% of the total voting population, or of those eligile to vote.

Political parties in the UK are not allowed to have opponents killed or put in prison. Those in power cannot intimidate opponents or voters. The Electral Commission would also frown upon votes for opponents beingu taken out of a window in a sack. In some countries politicians arrange these sort of things to make their numbers look better that they actually are. In the UK what you see is what you get, as we say. We think it's more democraric this way.

Democracy is not for everbody though and each to their own. People get used to the way things are where they live. The problem is when one system tries to influence the other. I think that is a line that should not be crossed. But, then again, some people see that issue differently too....

The deadline for certification passed a long time ago.

You can learn more from the RNS dated 18 July 2022 or have a chat with your ISA manager.

Interesting. That's the same news Andrey posted in the thread below.

Nothing on the Evraz website but I'm sure RA and friends were kept up to date at the time. As long as they know what's happening...

Infinity888 - I love your positivity. Keep it up man, I need it :)

What we know is that Evraz s trying to sell the NA operations and Russia has introduced law 470-FZ allowing for Russian ESOs to be stripped from holding companies in unfriendly states.

Potentially, the sales proceeds from Evraz NA could be used to pay off Evraz plc's debts. The Russian subsidiaries could be re-registered directly into the names of Russian investors. In this scenario Evraz plc no longer has any assets and is effectively a worthless shell.

Nothing has happened yet but things are moving in that direction. Expect the worst and hope for the best, as they say.

Has anyone here bought or sold Evraz PLC OTC since the company became subject to sanctions? If so, was it a straight forward process once the price had been agreed?

Comments from anyone with experience in trading Evraz PLC post sanctions appreciated.

Personally, I think we are living in times where no news is good news. This new Russian law 470-FZ makes me feel quite anxious about Evraz's future. Long may the silence continues, as far as I'm concerned.

HR person appointed at the end of last week.

https://www.marketscreener.com/quote/stock/EVRAZ-PLC-9428118/news/EVRAZ-plc-Changes-in-the-composition-of-the-Board-of-Directors-44754850/

Link to webinar below.

https://aebrus.ru/en/aeb-events/crisis-update-sanctions-and-countermeasures-new-rules-re-economically-significant-organizations-and-/

For those not familiar with recent developments, 470-FZ comes into force tomorrow.

https://nextons.ru/en/news/

This new law will apply to Evraz (as a Foreign Holding Company domiciled in an Unfriendly State) and MAY result the loss of some off Evraz's Russian subscribers should they be classed as Economically Significant Organisations or ESOs.

There is a Zoom webinar on Friday that you may be able to access, if interested. I'll post a link to that shortly.

Fingers crossed for minimal impact and GLA.

Does anyone on Telegram kniw which subsidies are at risk of being classified as ESOs.

Thanks AP. I can never get onto that thing.

AP - Where did you hear that?

"Past performance is no guide to the future and the value of shares can go down as well as up. You are advised to get independent financial advice etc. " You know the drill, it applies to FTSE 100 companies as much as any other. FTSE is lower risk but the risk is always there.

Nobody in politics will bail you (or me out) unless you live in Russia apparently. This new Russian law forcing subsidiaries to be taken away from foreign parent companies is highly unusual. It has a lot to do with the relationship between Putin and the oligarchs IMHO.

The UK/US/Canadian Government could potentially try to put countermeasures in place against the new Russian law by, perhaps, arranging for Evraz to be stripped of non-Russian assets with a view to those being given to non-Russian investors but, let's face it, the general rule of 'buyer beware' would probably be thrown at that idea.

FCA hasn't sanctioned anybody. They simply regulate the market and suspended dealing in the shares to stop others from getting into the mess we are in. The UK Government sanctioned RA and then Evraz PLC.

The UK Government is not taking anything away from Evraz PLC. It's the Russian Government that (probably) will do that.

The blame for the broader situation and the new Russian law lies with the Russian Government and nobody else.