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The UK has frozen the assets of the Steel Group of Russian billionaires

The UK has frozen the assets of the Steel Group of Russian billionaires
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LONDON, May 5, 2022 (AFP) – The UK government on Thursday announced the freezing of assets of Evros Steel Group, a key partner of Russian billionaire Roman Abramovich, one of the targets of sanctions imposed on oligarchy close to the Kremlin. In response to the invasion of Ukraine.

The Evros Group “operates in strategically important sectors” and produces “28% of Russian rail wheels and 97% of the country’s tracks”, which is “very important because Russia uses the railways to carry military equipment”. Forward in Ukraine “, the British government justified its decision.

In addition to previous sanctions, Downing Street said in a statement that “this move will further deter companies operating in strategic areas in Russia,” in which it further states that “no UK citizen or entity can do business”. Evros Group, headquartered in Russia.

Following the Russian invasion of Ukraine on February 24, the UK sanctioned more than 100 companies and more than 1,000 individuals, including owner Abramovich. Football The English Chelsea he had to put up for sale.

Contacted by AFP, the Evraz team did not act immediately. The company has always said it does not control the Russian oligarchy group, which is a “significant” shareholder with 28.64% of its capital.

Jane Austen

Jane Austen is a writer and contributor covering culture, literature, lifestyle, and society. Her work focuses on thoughtful storytelling, social trends, and the issues shaping everyday life, delivering engaging and accessible content for readers across the United Kingdom.

Jane Austen

Jane Austen

Jane Austen is a writer and contributor covering culture, literature, lifestyle, and society. Her work focuses on thoughtful storytelling, social trends, and the issues shaping everyday life, delivering engaging and accessible content for readers across the United Kingdom.

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