UK introduces sanctions against Evraz — Foreign Office
Business & Economy
May 05, 2022, 21:08
Evraz produces 28% of all Russian railway wheels and 97% of rail-tracks in Russia
LONDON, May 5. /TASS/. Authorities of the United Kingdom added Russia’s Evraz mining and metals company to the sanction list, the Foreign Office said on Thursday.
"The steel manufacturing and mining company operates in sectors of strategic significance to the Government of Russia," the Foreign Office noted.
Evraz produces 28% of all Russian railway wheels and 97% of rail-tracks in Russia, it said. "This is of vital significance as Russia uses rail to move key military supplies and troops to the frontline in Ukraine," the Foreign Office noted.
"Today’s asset freeze means no UK citizen or company can do business with them," it added.