Bloomberg learned about Abramovich's attempt to sell his stake in Evraz

According to the agency, the businessman has been trying to sell his stake in Evraz since the beginning of the conflict in Ukraine,but cannot do this due to the fall in the value of the company's shares and British sanctions against himRoman Abramovich

Russian billionaire (17th in the Forbes rating with a fortune of $ 6.9 billion) Roman Abramovich, after the outbreak of the conflict in Ukraine, tried to sell a stake (28.64%) in his largest asset, Evraz, Bloomberg reports.

“[Abramovich] is also unable to sell his stake in Evraz, his largest listed asset before the conflict. Shares in the company, which was sanctioned by the UK in May, fell 87% this year and were then frozen shortly after it was placed on the sanctions list.

RBC sent a request to a representative of Roman Abramovich.

According to Bloomberg sources, this year Abramovich was looking for a new home on the Dubai Palm Jumeirah (an artificial island in the form of a palm tree in the waters of Dubai. -), and his planes have been in the UAE and Russia since March.

Evraz Group is one of the largest vertically integrated steel and mining companies with assets in Russia, the USA , Canada, the Czech Republic and Kazakhstan. It is one of the largest metallurgical companies in the world.

The largest, but not controlling shareholder of the company is Abramovich, who has 28.64%. Also, significant shares in the company belong to Alexander Abramov (19.32%), Alexander Frolov (9.65%), Gennady Kozovoy (5.74%) and Maxim Vorobyov (3.01%).

Abramovich re-registered his stake in Evraz from offshore to himself Business

On March 10, Abramovich fell under British sanctions, which include freezing assets and a ban on entry into the country. At the same time, the UK Financial Conduct Authority announced that it had temporarily suspended Evraz's listing on the London Stock Exchange. After that, all non-executive directors, including Frolov and Abramov, left the company's board of directors.

Read on RBC Pro Pro "Adult Playground":What it's like to work at Google - in 6 points Articles Pro How Pakistan was on the verge of default and which countries will be nextPro Most Popular Ways to Take Business and How to Deal with Them Articles Pro Airbnb founder: “If you have 20 tasks a day,you don't have to do them all" Articles Pro Fire and Take Back:how to formalize an employment relationship with the director of LLC Instructions Pro How can a financial director avoid liability for company debts Instructions ProWhat phrases and attitudes of parents prevent children from becoming leaders Pro x The Economist instructions The global smartphone market has stopped growing.How Apple's business will change Articles

Against this backdrop, Evraz announced that it was suspending the spin-off of Raspadskaya, Russia's largest coal producer (Evraz holds 93.24% of voting shares), into a separate company. In early April, it became known that she completely abandoned this project. Evraz explained that in the context of sanctions against Russia and retaliatory measures, the transaction with Raspadskaya became technically impossible.

In May, Britain imposed sanctions on the group itself. "Metallurgical and mining company Evraz operates in industries of strategic importance to the Russian government," the British Foreign Office said.

See also UK eased restrictions on Aven's bank accounts 01:01

Sanctions against Abramovich were introduced by the European Union in mid-March, but the oligarch challenged them. In his lawsuit, he demanded that €1 million be contributed to the charitable foundation he created after the sale of the Chelsea football club. According to the businessman, the restrictions violate his fundamental rights, which the EU must protect, since he is a citizen of Portugal.