Konov will leave the post of chairman of the board of Sibur due to sanctions

Chairman of the Board of Sibur Holding Dmitry Konov will leave this post and leave the company's board of directors due to EU and UK sanctions. This is stated in her statement received by RBC.

“Organizational changes are being implemented taking into account the inclusion of Dmitry Konov in the EU and UK sanctions lists and are aimed at increasing the sustainability of Sibur’s business,” the statement says.

Konov was included in the sanctions list of the European Union on March 9. At that time, restrictions were expanded on 14 more Russian businessmen and top managers who “provide support and benefit from the government of the Russian Federation or provide it with a significant source of income.” “On February 24, 2022 <...>, along with 36 other businessmen, met with President Vladimir Putin and other members of the Russian government to discuss actions under Western sanctions,” the justification for these sanctions said. “The fact that he [the listed entrepreneur] was invited to this meeting shows that he is a member of Vladimir Putin’s inner circle and that he supports or carries out actions or policies that undermine or threaten the territorial integrity, sovereignty and independence of Ukraine, as well as stability and security in Ukraine.” Then Britain introduced similar measures.

After the imposition of these sanctions, many businessmen and top managers left their posts, including Andrey Melnichenko, the former co-owner of SUEK and EuroChem, Andrey Guryev, the former HEAD of PhosAgro, and Vladimir Rashevsky, a member of the SUEK Board of Directors.