Steelmaker Evraz scraps demerger of coal assets after Russia sanctions

Evraz

01/04/2022 11:39

April 1 (Reuters) - Russian steelmaker Evraz  EVRE.L  said
on Friday it will not proceed with the separation of its coal
assets as the execution of the transaction has become
"technically impossible" following sanctions against the country
after it invaded Ukraine. 

 (Reporting by Shanima A in Bengaluru; Editing by Shinjini
Ganguli)
 ((shanima.a@thomsonreuters.com; (Direct: +91 77 6034 7399 );))