The company's purchase and Mr Buchler's sale represent a related party transaction The previous big sale had a 60-day freeze on further share sales attached, as does this one. Expect more sales in ...

Russian steelmaker Evraz has said the money for one of its bond coupons has reached its paying agent, after being held up due to concerns about sanctions on the oligarch Roman Abramovich ...

(Bloomberg) — A $18.9 million coupon payment on a bond issued by Evraz PLC was blocked due to the Russian steelmaker's links with sanctioned billionaire Roman Abramovich. Evraz moved the funds a ...

The firm is headquartered in London; Roman Abramovich, the Russian-Israeli billionaire and Chelsea FC owner, has a 3% stake. Evraz saw profits skyrocket to US$1.1bn in the first half of 2018 ...

The court also dismissed Abramovich's claims for compensation. It noted the Russian billionaire's role in the Russian steel company Evraz. Steel is a major source of revenue for the government of ...

Evraz said it understood that the holdup was related to the UK's sanctions on Abramovich, who owns 28.6% of the company, following Russia's invasion of Ukraine. The UK government earlier this ...