Shares of Polyus and Polymetal are declining on the Moscow Exchange amid falling companies under US sanctions
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Shares of a Russian gold mining company “Pole” decreased on the Moscow Exchange by 2.5% after it fell under US sanctions. In addition, the value of the shares of the Russian mining company is reduced by 9%. Polymetal.
According to trading data on the Moscow Exchange, as of 19:22 Moscow time, Polyus shares are down 2.59% to 10,077 rubles. per share, Polymetal shares fell by 9.04% to 595 rubles. per share.
Both companies on May 19 were included US Treasury Department on the sanctions list. In addition, Aleksey Vostokov, General Director of Polyus, as well as a number of subsidiaries of the gold miner, LLC Polyus Management Company, Polyus Krasnoyarsk JSC, Polyus Aldan CJSC, Polyus Service LLC, Polyus PJSC, were subject to sanctions. The companies themselves have not yet commented on the restrictions.
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