Miner Evraz on Wednesday said it had not been affected by international sanctions imposed on Russia after its invasion of Ukraine.
Evraz
09 March 2022 07:43:57
Source: Sharecast
The Russian company added that it continued to support the demerger of its assets, consolidated under PJSC Raspadskaya.
“Although the imposition of international sanctions against Russia and the restrictions imposed by Russia are creating certain frictions in supply, logistics and financial flows, to date there has been no material direct impact on day-to-day operations, trading or the financial position of Evraz,” the company said.
It also noted that should it become an entity owned by, or acting on behalf or at the direction of, a person 'connected with Russia' any further share issuance “may be subject to the UK sanctions regime and hence may result in a suspension of the company's listing on the London Stock Exchange”.
Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.