Evraz, the Russian steelmaker whose largest shareholder is Roman Abramovich, announced today that a coupon payment of nearly $ 19 million for a 2023 bond had not been received by the main payer, with the company saying the issue This is related to the sanctions, Reuters reports.
The London-based company said it had sought clarification and confirmation from the British Treasury and the Office of Foreign Affairs, Commonwealth and Development.
Evraz also said it continued to support the position that Abramovic, who holds a 28.64% stake, did not have effective control of the company.
The company finally stated that apart from the specific malfunction in the financial infrastructure, there is no reason for a possible bankruptcy event, adding that the issuer had sufficient liquidity to complete the coupon payments.
Source: Capital
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