Foreign Office says company part-owned by billionaire ‘operates in sectors of strategic significance to government of Russia’
The UK government has placed sanctions on Evraz, the multinational steelmaker part-owned by the billionaire Roman Abramovich that was formerly counted among Britain’s biggest companies.
The Foreign Office said on Thursday that Evraz “operates in sectors of strategic significance to the government of Russia” and the action would “further chip away at Putin’s financial reserves and siege economy, and support Ukraine’s continued resistance”.
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