Sanction fallout unclear for North American steelmaker Evraz with 2,200 Canadian employees
Evraz North America is a wholly owned subsidiary of London-headquartered Evraz PLC, which is about 28 per cent owned by Mr. Abramovich. He is perhaps best known for his ownership of England’s Chelsea Football Club.
Saskatchewan premier not calling for sanctions on Russian oligarch who owns shares in Saskatchewan steel mill Mr. Abramovich was No. 1 on a sanctions target list drawn up last year by supporters of jailed Kremlin critic Alexey Navalny. Evraz North America operates steel-production sites in the United States and Canada, including locations in Regina and the Alberta cities of Calgary, Camrose and Red Deer. It supplied 58 per cent of the steel being used to build the $21.4-billion Trans Mountain expansion project.
“I have full confidence the mill here in Regina, and the mills in Canada and likely across North America, are going to continue their operations as per usual because they are not connected.”
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