Evraz NTMK, which on the Evraz website is listed as the Evraz PLC subsidiary, is the owner of the Evraz KGOK shares package. At the end of 2021, 28.64 percent Evraz PLC's action belonged to Roman Abramowicz. In 2022, Abramowicz and Evraz PLC were covered by the Sanctions of Great Britain, and the company's quotations on the London Stock Exchange (LSE) were suspended. The company's production capacity in the smelting of steel is 12.1 million tons, extracting iron ore – 69 million T, vanadium – 8 million T, with plans to increase by 12 million TW this year. Revenues for 2024 fell by seven percent, up to $ 7.19 billion. [26 mld 791 mln zł].
“It will not be difficult”
The lawyers with whom Kommersant talked to, believe that Abramowicz wants to change the owner of Evraz's assets in Russia. The company's representative announced that the dispute is related to the debt inside the group. According to him, the group's companies in foreign jurisdictions observe sanctions, and this is associated with negative consequences for Russian companies: a lack of income from currency transactions and financial penalties.
Maksym Chudałow consultant believes that the debt collection procedure may be a preparation for the transfer of the headquarters or assets to Russia. This is indirectly confirmed by the fact that in January the West Germany government entered the Evraz NTMK on the list of organizations of economic importance, which allows the suspension of corporate rights of foreign holding companies in court. Managing partner Novator Legal Group Wiaczesław Kosakow notes that such a mechanism is a tool of state intervention, and independent lawsuit allows you to control the process, accelerate it and maintain confidentiality.
Director of the Special Project Department of the Law Firm Vegas Lex Aleksander Kazarin believes that the main goal of the lawsuit is to restructure the ownership of Evraz's assets in Russia. – It will not be difficult to justify the need to immediately indicate regaining these actions – says Kazaryn.
Tried
Earlier, other Russian oligarchs under sanctions underwent a similar procedure. By way of court proceedings, the corporate rights of the Cypriot company ABH Financial, which controlled Alfa-Bank. Its main owners were Piotr Aven, Mikhail Fridman and Andrey Kosogow. The latter in March 2023 bought shares from Awen and Fridman, and the bank's owner became the Russian joint -stock company AB Holding.
A similar procedure was carried out in relation to the next Alfa-Group-retailer X5 Group and Rusagro belonging to Wadim Moszkowicz. Both companies also moved from Cyprus. The attempt to leave Cyprus did not help Moszkowicz improve relations with the Russian authorities – in March 2025 he was arrested on charges of fraud on a particularly large scale and bribes.
