Alexander Nesis got rid of shares in gold mining Polymetal

Alexander Nesis got rid of shares in gold mining Polymetal

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What other gold mining companies were sanctioned?

In May 2023, the leaders of the Russian gold mining industry – Polyus and Polymetal – were included in the SDN list (black list) of the US Treasury. In November, large Russian gold and copper producers came under British sanctions. In particular, the restrictions affected Nordgold. Marina Mordashova (owns 52% of Nordgold shares) and the company’s general director Georgy Smirnov were also included in the UK sanctions list. Previously, the company also came under sanctions from Washington, as did the family of Alexei Mordashov.
British sanctions also included Highland Gold and its owner Vladislav Sviblov, the owner of the Yuzhuralzoloto group of companies Konstantin Strukov (the companies were not affected by the restrictions), the Krastsvetmet refinery (owned by the Krasnoyarsk Territory) and UMMC, which was already on the SDN list at that time USA.

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