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Evraz's London shares suspended after Abramovich sanctions

10th March 2022

By: Reuters

  

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LONDON – Russian steel giant Evraz's London-listed shares have been temporarily suspended by Britain's financial regulator after top shareholder Roman Abramovich was sanctioned by Britain, a notice from the London Stock Exchange shows.

The Financial Conduct Authority has temporarily suspended the London listing from 11:00 GMT on Thursday "in order to protect investors pending clarification of the impact of the UK sanctions", the LSE's notice said.

Evraz shares fell 16% after the Abramovich sanctions announcement.

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Edited by Reuters

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