UK sanctions confusion left Evraz investors not knowing where to stand | Nils Pratley

Trading in steelmaker’s shares continued for an hour after Roman Abramovich sanctions were announced

Chelsea fans don’t know where they stand and nor do outside shareholders in Evraz, the FTSE 100 steelmaker where Roman Abramovich is a 29% shareholder.

After the government unveiled sanctions against the oligarch on Thursday morning, trading in Evraz’s shares continued for more than an hour before the Financial Conduct Authority, in charge of listings on the London Stock Exchange, ordered a temporary suspension at 11am. The FCA said it had acted “in order to protect investors pending clarification of the impact of the UK sanctions”.