Russian economy hammer blow as ‘strategically significant’ steel giant targeted by Britain | City & Business | Finance

“These sanctions will further chip away at Putin’s financial reserves and siege economy, and support Ukraine’s continued resistance.”

Once valued at more than £5billion and a member of the FTSE 100, Evraz saw its share price plummet in the immediate aftermath of Russia’s invasion of Ukraine.

After seeing its value more than halved trading in its shares was eventually suspended in March after Roman Abramovich himself was sanctioned.

The most recent sanctions on Evraz itself mark the first time a former FTSE 100 company has been sanctioned.

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