UK Sanctions Russian Steelmaker Evraz, Part-Owned by Billionaire Abramovich

Roman Abramovich. (AP)
Roman Abramovich. (AP)
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UK Sanctions Russian Steelmaker Evraz, Part-Owned by Billionaire Abramovich

Roman Abramovich. (AP)
Roman Abramovich. (AP)

The British government said on Thursday it had sanctioned steel manufacturing and mining company Evraz, whose biggest shareholder is sanctioned billionaire Roman Abramovich, in response to Russia's invasion of Ukraine.

"The steel manufacturing and mining company operates in sectors of strategic significance to the Government of Russia," the government said in a statement.

"Today's asset freeze means no UK citizen or company can do business with them."

The government issued a separate licence which said people could continue business operations involving Evraz's North American subsidiaries.

Britain said Evraz produces 28% of all Russian railway wheels and 97% of rail-tracks in Russia, making it of vital significance as Russia uses rail to move key military supplies and troops to the frontline in Ukraine.

Shares in Evraz have been suspended from trading since March 10, when Britain imposed sanctions on Abramovich. The firm said on March 11 that 10 members of its board had quit, leaving only the chief executive.

Abramovich owns a 28.64% stake in the company, and Evraz has previously said he does not have effective control of the company.



Araghchi: Iran Will Respond to Israel’s Attacks in a ‘Measured’ Way

Pakistani Prime Minister Shehbaz Sharif meets with Iranian Foreign Minister Abbas Araghchi in Islamabad (EPA)
Pakistani Prime Minister Shehbaz Sharif meets with Iranian Foreign Minister Abbas Araghchi in Islamabad (EPA)
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Araghchi: Iran Will Respond to Israel’s Attacks in a ‘Measured’ Way

Pakistani Prime Minister Shehbaz Sharif meets with Iranian Foreign Minister Abbas Araghchi in Islamabad (EPA)
Pakistani Prime Minister Shehbaz Sharif meets with Iranian Foreign Minister Abbas Araghchi in Islamabad (EPA)

Iran’s Foreign Minister Abbas Araghchi has reiterated that his country does not seek an escalation in the Middle East but reserved the right to defend itself against Israel’s attack with a “measured and calculative” response.

Iranian officials are increasingly threatening to launch yet another strike against Israel after its Oct. 26 attack on Iran that targeted military bases and other locations and killed at least five people.

Speaking at a joint press conference with his Pakistani counterpart Ishaq Dar in Islamabad, Araghchi said Tuesday that “unlike the Israeli regime, the Islamic Republic of Iran does not seek escalation.”

But he added, “We reserve our inherent rights to legitimate defense under Article 51 of the United Nations Charter and we will certainly respond to the Israeli aggression in a proper time and in a proper manner in a very measured and very calculated manner.”

Dar, on his part, called for an urgent ceasefire to deescalate tensions in the region.

He then condemned the Israeli unrestrained military aggression in the Middle East and its genocidal actions against civilians.

In Tehran, Brigadier General Iraj Masjedi, the Deputy Coordinator of the IRGC's Quds Force, said Israel must wait for a decisive and strong response from Iran.

Masjedi spoke at a memorial ceremony held by the Revolutionary Guards to mark the 40th day since the killing of Hezbollah Secretary-General Hassan Nasrallah and Iranian General Abbas Nilforoushan in an Israeli airstrike in Beirut’s southern suburbs on September 27.

Masjedi told reporters that Iran “has repeatedly informed the Zionist regime and the Americans that if Iran faces threats, our response will be powerful,” according to the IRGC-affiliated Tasnim news agency.

He added that Iran will not tolerate threats or aggression without response.

“If such entities pose a threat, we will respond powerfully, and they should expect this,” Masjedi said, adding that any actions against Iran would not be met with restraint but with decisive action.

At the ceremony, Iranian Brigadier General Fadavi highlighted Nasrallah’s influence on the Resistance movement.

He said Nasrallah made a profound impact on the training and morale of Resistance fighters.

Fadavi reiterated that the Zionists lack the strength to oppose the Resistance directly, often targeting civilians instead, which he said would inevitably be met with retribution, according to the state-run ISNA news agency.

Mohammad Mokhber, former acting president and current aide to the Leader of the Islamic Revolution, said “the Zionist regime will receive a severe blow for the crimes it has committed.”

Last Sunday, Iran’s president Masoud Pezeshkian said a potential ceasefire between its allies and Israel “could affect the intensity” of Tehran’s response to Israel’s recent strikes on Iranian military sites.