Evraz produces more than a quarter of the wheel sets and almost all rails in Russia.
The British government has imposed sanctions on the metallurgical and mining company Evraz, which produces 28% of wheelsets and 97% of rails in Russia. This is vital , as Russia uses the railways to move key military supplies and troops to the front line in Ukraine.
“Along with existing measures, these actions companies in strategic sectors in Russia will be even more restrained, “the British government said in a statement.
Recent sanctions and asset freezes mean that no British citizen or company can do business with sanctioned businesses. Evraz's main activities are in Russia, where the company is a large employer. These sanctions will further destroy Putin's financial reserves and economy, as well as support Ukraine's ongoing resistance.
Since the invasion, Britain has sanctions against more than 1,000 individuals and more than 100 businesses.
Read also: Abramovich tries to defend his empire through negotiations between Ukraine and Russia – Washington Post
%) and his business partner Alexander Abramov (via Abiglaze Ltd., 19.32%).
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