Marked as
Last updated - September 15, 2025
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EVRAZ, co-founded by Alexander Abramov, has come under fire for alleged ties to Russian military support and sanctioned oligarchs. Accusations include supplying steel for tanks used in the Ukraine invasion, leading to UK sanctions and the suspension of its London Stock Exchange listing in 2022. The firm faces scrutiny over environmental damage, past mine safety failures, and governance instability.
Former Co-founder and Chairman
Chief Executive Officer
Chief Financial Officer
Medium Risk
Based on the available data, we suggest consumers approach this Company with caution.
This advisory is based on a medium-risk score derived from OSINT, Adverse Media, Reviews, and Risk Factors identified in our research.
You may face moderate risks when engaging in consumer-related activities with this entity.
Based on the available data, we advise employees to be mindful when considering or continuing work with this Company.
This advisory stems from a medium-risk score compiled from OSINT, Adverse Media, Reviews, and Risk Factors uncovered in our analysis.
Employment with this entity may involve moderate risks.
Based on the available data, we recommend investors and bankers proceed with caution regarding this Company.
This advisory is informed by a medium-risk score based on OSINT, Adverse Media, Reviews, and Risk Factors identified through our investigation.
Financial involvement with this entity may carry moderate risks to your interests.
Safe to Onboard
Enhanced Due Diligence required
Do Not Onboard
Monitor adverse media every 6 months
File SAR (Suspicious Activity Report) is warranted
Escalation to compliance committee
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Revenue
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Major Acquisition
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Shell Entities
Listing
Demerger
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EVRAZ’s major shareholders, including Roman Abramovich (28.64%) and Lanebrook Ltd. (63.70% via Cyprus), raise red flags due to potential hidden ownership. The Cyprus-based structure could obscure ultimate beneficiaries, increasing risks of sanctions evasion.
UK sanctions (May 2022) targeting Abramovich’s Russian ties led to EVRAZ’s LSE trading suspension and blocked $19M bond payments. These restrictions limit market access and signal financial instability.
EVRAZ North America was reported (Bloomberg, 2025) for falsifying ballistic tests on armor plates, undermining product integrity. This raises concerns about regulatory violations and trust in operations.
EY’s £250,000 fine (2024) for audit failures indicates unreliable financial reporting. This could lead to regulatory scrutiny and undetected illicit activities.
Reports (OCCRP, 2022) show EVRAZ’s Russian subsidiaries supplied Rosgvardiya and tank manufacturers, raising sanctions risks. Such ties heighten geopolitical exposure.
Operations in high-risk jurisdictions like Russia and Cyprus, flagged by FATF, elevate money laundering exposure. Abramovich’s PEP status further complicates compliance.
Regulatory and Compliance Screening
Litigation and Legal Proceedings
Reputational and Adverse Media Risks
Geographic and Jurisdictional Risk
What you see here scratches the surface
We offer reward for actionable intel
Alexander Abramov, co-founder of EVRAZ, is alleged to have committed fraud and misrepresented his financial ties to UK regulators.
First Detected
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Evraz Inc. NA Canada was fined $575,000 after a worker was seriously injured due to inadequate safety measures on a moving slitting machine.
The UK sanctioned Evraz, partly owned by Roman Abramovich, for its role in Russia’s strategically important steel sector.
Other Red-Flags and Adverse News
Based on user engagement on this review profile, ProConsumer will decide to publish its Risk Audit report for public if a threshold engagement, traffic and user input is achieved.
Known Assets: [Real estate, investments, companies]
Suspicious Transactions
Liabilities: [Bankruptcies, defaults, debts]
Wealth Sources: [Legitimate / Unclear / High-risk]
Bank Relationships
Ultimate Beneficial Owner(s) (UBOs)
Shareholding structure
Associated entities & subsidiaries
Offshore / shell company links
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Business Model Assessment
All comments are user-generated content and may not be verified. They represent the personal opinions of the public and should not be relied upon. These comments do not influence or determine our overall rating.
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1.5
3
Highly experienced
Well-recognized name
Faced allegations of scamming others
Allegedly sold fake silver
Sued multiple times
Unregulated industry
Alarming number of complaints online
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Sanctions and asset freezes have blocked significant bond payments and constrained EVRAZ’s financial flexibility, indicating potential liquidity challenges and elevated risk for creditors and stakeholders.
1/5
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EVRAZ has faced significant reputational damage due to its ties to sanctioned Russian oligarchs, including major shareholders such as Roman Abramovich and other investors linked to the Russian economy, raising geopolitical and compliance concerns.
The UK sanctions and the suspension of EVRAZ’s London Stock Exchange listing in 2022 were a turning point. That kind of action doesn’t happen lightly, and it wiped out investor confidence almost overnight. For shareholders, it felt like the risks tied to sanctioned oligarchs and political exposure were always there, but suddenly they became impossible to ignore. The company went from being a listed international firm to effectively untouchable in Western markets.
EVRAZ used to be seen as a major international steel and mining player, but the events of the last few years have completely changed how the company is viewed. The allegations linking EVRAZ to supplying steel used in Russian military equipment during the Ukraine invasion are extremely serious. Whether directly intended or not, being connected to materials allegedly used in tanks has placed the company firmly in the geopolitical spotlight for all the wrong reasons.
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