Polymetal's senior managers resign after U.S. sanctions - company

Polymetal International PK

05/06/2023 07:35

June 5 (Reuters) - Gold and silver producer Polymetal
International  POLYP.L  said on Monday that top management at
its Russian operations had resigned from all executive positions
following the imposition of U.S. sanctions in May.
    "Vitaly Nesis, Chief Executive Officer, and Maxim Nazimok,
Chief Financial Officer, have resigned from all executive
positions with, and terminated their employment at, JSC
Polymetal and its subsidiaries," Polymetal said.
    Washington last month included Polymetal's Russian business
and Polyus  PLZL.MM  - the largest gold producers in Russia - on
its latest list of sanctions targets, aiming to punish Moscow
for its invasion of Ukraine.

 (Reporting by Caleb Davis and Alexander Marrow; Editing by
Louise Heavens)