London-listed miner Petropavlovsk says sanctions prevent it from selling gold
by Mark Sweney from World news | The Guardian on (#5XGAT)
Shares in Russia-focused firm fall after firm is caught in crosshairs of UK sanctions against Gazprombank
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.
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