MOSCOW, March 11. /TASS/. All non-executive directors of Evraz have resigned, Russia’s mining and steel company said in a statement on Friday.

"In light of the Financial Sanctions Notice issued by the Office of Financial Sanctions Implementation, HM Treasury, on 10 March 2022 (sanctions against Evraz largest shareholder Roman Abramovich - TASS) and the suspension of the company’s shares from trading, all the Evraz plc 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 as directors with immediate effect," the statement said.

Aleksey Ivanov, the company’s CEO, will continue as a director, Evraz said. Consequently, he is now the only member of the board of the company.

On Thursday, the UK extended sanctions against Russia, putting another seven Russian citizens on the blacklist. In particular, Abramovich who owns 28.64% of voting shares of Evraz, was sanctioned. On the same day the UK’s Financial Services Authority temporarily suspended the listing of Evraz on London Stock Exchange.

Later the company said that London’s sanctions against Abramovich should not cover Evraz as the stake of businessman in it was not controlling and the influence on decisions on its operations was limited.

"Evraz is waiting for further clarifications by the Office of Financial Sanctions Implementation," the company said on Friday.

Evraz is a vertically integrated steel and mining company with assets in Russia, the US, Canada, the Czech Republic, and Kazakhstan. It is one of the world’s biggest steel producers. Apart from Abramovich, among its main beneficiaries are Alexander Abramov (19.32% of voting shares) and Alexander Frolov (9.65%).