Evraz sees no impact from Russia sanctions

9th Mar 2022 07:32

(Sharecast News) - Miner Evraz on Wednesday said it had not been affected by international sanctions imposed on Russia after its invasion of Ukraine.

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".