Evraz board quits after UK Abramovich sanction, share suspension

Russian steelmaker Evraz said 10 members of its board had quit following the UK sanction of its largest shareholder Roman Abramovich and the suspension of its shares.

Only chief executive Alexey Ivanov remains in post. Evraz added that it was waiting for further clarifications from the Office of Financial Sanctions Implementation.

All 10 non-executive directors - Alexander Abramov, Alexander Frolov, Alexander Izosimov, Deborah Gudgeon, Eugene Shvidler, Eugene Tenenbaum, Karl Gruber, Maria Gordon, Sir Michael Peat and Stephen Odell - have resigned with immediate effect.