Evraz Share Discussion Threads

[scubadiverr] 07/8/2023 21:09

Are you being serious? Putin is going to grab your Russian assets and leave you with the debt

[gfrae] 07/8/2023 20:57

Presumsbly compensation woyld be paid to unfrienfly nationsls.

[andrey aaa] 07/8/2023 15:24

also this will be mandatory - as soon as the gov includes Evraz in the list - they have to do it

[andrey aaa] 07/8/2023 15:19

well they will confiscate them from UK's Evraz PLC, which is only 50% oligarch owned and they get 100% of the huge Russian business in return and no sanctions

[zangdook] 07/8/2023 12:12

Evraz has substantial US interests - how would that work? If Russia cancels foreign shareholdings, might the US confiscate the company's US assets in return?

[andrey aaa] 07/8/2023 12:07

hxxps://www.forbes.ru/biznes/494078-putin-uprostil-pereregistraciu-ekonomiceski-znacimyh-kompanij-v-rossii

this is Russian Forbes article on this translated

DEADLINE IS 31 DECEMBER 2023 OR SOONER

Putin has simplified the re-registration of economically significant companies in Russia
Katya Zagvozdkina
Forbes Editorial Board

Putin signed a law that simplifies the re-registration of economically significant domestic companies in Russia from other countries. The document also allows the court to exclude foreign participants from "unfriendly" countries from the ownership of holding companies
President Vladimir Putin has signed a law that simplifies the re-registration of economically significant domestic companies in Russia from other countries. The document is posted on the website of the official publication of legal acts.

Companies that meet at least one of the following criteria are recognized as economically significant: they employ more than 4,000 people, their total assets are worth more than 150 billion rubles, revenue exceeds 75 billion rubles a year, and taxes paid last year — 10 billion rubles.

The document allows the court to exclude foreign participants from "unfriendly" countries from the ownership structure of holding companies. The law is aimed at protecting the rights and legitimate interests of Russians and Russian legal entities, "ensuring the defense of the country and the security of the state in conditions of unfriendly and contrary to international law actions," the document says.

In June, Putin instructed the government by the end of the year to simplify the procedure for redomiciling a business to Russian jurisdiction in cases when its re-registration is "blocked" abroad. "I ask the government, in contact with the business community, to speed up the return of assets in key industries to Russian jurisdiction, including simplifying the procedure for the transfer of business to Russia and registration in special administrative regions (SAR) in cases where such a move is, figuratively speaking, blocked by a foreign party or is not provided for in their legislation at all," — Putin said at the plenary session of the St. Petersburg International Economic Forum.

Material on the topic
Putin declared the need to move to a "sovereign economy" in Russia

In addition, Putin instructed until December to launch a mechanism to protect the rights of Russians and Russian legal entities that own domestic companies through foreign structures.

First Deputy Minister Ilya Torosov said in mid-May at a session of the St. Petersburg International Legal Forum that the Ministry of Economic Development will expand options for helping businesses that are structured through "unfriendly" countries and have been "held hostage" due to sanctions. "Our task is to create the maximum palette of solutions for business, because there is never the right solution for everyone," said Torosov. Among the proposed measures are simplification of "moving" to Russia and assistance in obtaining dividends.

Special Administrative Regions (SAR) were created to return capital to Russian jurisdiction and to protect them from sanctions. Residents are provided with benefits, such as tax-free sale of shares and shares. In 2022, the number of residents of the SAR in Kaliningrad and Vladivostok has tripled compared to 2021.

[zangdook] 07/8/2023 11:19

not yet, but thanks for the offer.

[andrey aaa] 07/8/2023 10:56

is anyone interested in selling the stock at $1? you would need to contact me and have the certificate ready. Russia has made a law that states that ALL foreign holders would lose 100% interest in Evraz and other companies like that.

this is the link to the law (it's in Russian obviosly)
hxxp://publication.pravo.gov.ru/document/0001202308040071

google translation:

By a court decision, the company can be transformed into a public joint-stock company, suspend the rights of foreign owners and distribute their shares among Russian owners. At the same time, Russians who own shares through foreign structures will be able to take them into direct possession. The list of "economically significant" organizations will be established by the government without the possibility of challenging the inclusion.

Evraz is 100% doing this

[gfrae] 06/8/2023 21:28

Thanks. Goid artivle.

[plasybryn] 06/8/2023 14:52

That article (extracts)came from the Wall Street Journal

[plasybryn] 06/8/2023 14:49

Roman Abramovich's lawyers recently appeared in a Luxembourg courtroom to appeal European Union sanctions against their Russian client, arguing the designation prevented him from "intervening effectively" as a conduit for peace talks between Russia and Ukraine, according to court documents.  The billionaire former owner of English soccer team Chelsea F.C., also made an argument that several other oligarchs have put before the court; that he is being unfairly targeted for simply being a Russian businessman and that his ties to Putin are overstated. The court will rule in the coming months.

[plasybryn] 06/8/2023 14:41

Over a year ago the West launched a new foreign-policy weapon to pressure the Kremlin to halt its war in Ukraine: It sanctioned more than a hundred leading Russian businessmen and their families, hoping that they would prod Russian President Vladimir Putin to give up his expansionist plans. So far the strategy hasn't worked. The war still rages and very few Russian billionaires have publicly denounced Putin or sold off their Russian assets. Meanwhile, a handful of deep-pocketed oligarchs are pushing back, intensifying their legal challenges in U.K. and European Union courts in a long-shot attempt to remove restrictions that include travel bans and asset freezes. 

[gaffer73] 17/6/2023 10:52

No opinion. I'll just vote yes as the current team is still engaging with shareholders.

[zangdook] 16/6/2023 14:48

Do it early and often

[maxplus2] 16/6/2023 13:06

What's your opinion on voting?

[gaffer73] 16/6/2023 09:58

Nice to see Evraz keeping in touch with its shareholders, even if it is just to vote in the AGM. There's hope yet!

[zangdook] 27/2/2023 10:39

Who is 'us'?

[infinity888] 27/2/2023 10:37

hxxps://t.me/+tIOrwdmQAsVlYTA0

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[zangdook] 18/2/2023 20:22

you mean covid and the 'vaccines' didn't kill enough people? ;-)

[iceagefarmer] 17/2/2023 04:26

supercity..by the time the war is over you'll probably be dead like alot of us..its all part of the great plan