Mordashov sold his stake in Rossiya Bank
Photo is illustrative in nature. From open sources.
Alexey Mordashov
The main shareholder of Severstal, Alexei Mordashov, no longer owns a stake in Rossiya Bank, a representative of the businessman told RBC.
“At the moment, Alexey Aleksandrovich Mordashov does not own shares in Rossiya Bank and the National Media Group,” RBC’s interlocutor said.
Earlier, The Globe and Mail newspaper reported on the sale of Mordashov's shares in Rossiya Bank, citing Severstal press secretary Anastasia Mishanina. The material dealt with the request of Canadian Senator Claude Carignan to add Mordashov to the sanctions list, since Nordgold (the businessman transferred his share in this company to his wife before the imposition of sanctions) works in CANADA. Mishanina noted that the Canadian government should take into account that the billionaire got rid of his investments in Rossiya Bank and Russian media assets, so "there is no reason to impose sanctions on him."
Mordashov estimated the losses of Severstal due to sanctions at $400 million Business
In February, Mordashov came under EU sanctions , one of the justifications for their introduction was the businessman's shares in the National Media Group (NMG) and Rossiya Bank (in 2017 it was 5.4%). The US imposed restrictions on him in June.
In May, sources for RBC and BLOOMBERG, citing a source, reported that Mordashov's structures had withdrawn from NMG's capital. The deal was initiated even before the start of a special military operation on the territory of Ukraine, and closed after.
Mordashov topped the list of Russian billionaires whose fortunes were hit hardest by sanctions, FORBES wrote in April. In 2021, his fortune was estimated at $29.1 billion, and in 2022, the value of Mordashov's assets fell to $13.2 billion.
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