30
Jan
15:13
Shareholder leaves Russian ELSI coal project amid sanctions
The Russian co-founder of telecommunication company Yota, Sergei Adonyev, will divest his stake in Russia’s Elga Coal and Sibanthracite Group (ELSI), part of Russia’s A-Property, ELSI confirms to Kallanish.
The legal process of withdrawing from the project has already begun, and a transfer of ownership is expected in the near future, the enterprise claims. Who exactly will get the share of the businessman has not yet been reported.
The move comes afte…
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Very good overview of the weekly steel market.
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