Shares in Russia-focused firm fall after firm is caught in crosshairs of UK sanctions against Gazprombank
Ukraine-Russia war – latest updates
The Russia-focused mining company Petropavlovsk has said it is unable to offload its gold or repay a loan because of the inclusion of Gazprombank on the UK’s sanctions list after the invasion of Ukraine.
Shares in the London-listed company tumbled by a fifth in early trading on Friday after Petropavlovsk revealed it was “urgently” assessing its business operations and financing arrangements as a result.