Evraz says it may default on debt due to Roman Abramovich sanctions - Markets Insider


3/22/2022 12:00:00 AM3 years 1 month ago
by Harry Robertson

Evraz said that it had tried to make a $19 million payment on a 2023 bond but that Societe Generale had blocked it for compliance reasons.

The Russian steelmaker Evraz warned that it may be pushed into a technical default on its debt, saying it thinks its payments have been held up because of sanctions on its biggest shareholder, the ol… [+2643 chars]

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