Polymetal Reassures But London-Listed Shares Still Affected by Sanctions

Introduction

Russian company Polymetal International Plc has reassured investors that the U.S. sanctions against Russia will not hurt its business operations, and there will be no impact on its financial results. However, the London-listed shares of Polymetal still saw a fall last week as tensions mounted between Russia and the west.

Polymetal’s Stance on Sanctions

Polymetal has clearly stated that the company has no dealings with any sanctioned individuals, companies, or entities. The company has also mentioned that it has conducted an internal review of all its operations and found no evidence of any breach of sanctions.

However, investors are still wary of the potential impact of geopolitical tensions on companies with Russian operations.

The Impact of Sanctions

The recent U.S. sanctions against Russia have targeted Russian companies and individuals in response to allegations of Kremlin cyberattacks and interference in the U.S. 2020 Presidential elections.

The impact on Russian businesses has been significant, with share prices falling and investors becoming increasingly cautious about investing in Russian companies.

In the case of Polymetal, the company has reassured investors that its business operations will not be affected by the sanctions, but the shares still saw a significant fall last week.

Investor Sentiment

Investors are still cautious about investing in companies with Russian operations due to the ongoing tensions between Russia and the west.

Polymetal has tried to reassure investors that its business operations will not be affected by the sanctions, but this has had a limited impact on investor sentiment.

Conclusion

Polymetal’s reassurances have helped to ease investor concerns, but the ongoing geopolitical tensions between Russia and the west mean that investor caution is likely to continue.

The company’s business operations are not expected to be affected by the sanctions, but the London-listed shares of Polymetal and other Russian companies are likely to remain volatile until geopolitical tensions ease.

Summary: Polymetal International Plc has reassured investors that the U.S. sanctions against Russia will not hurt its business operations, and its financial results would not be affected. However, the London-listed shares of Polymetal still saw a fall last week as tensions mounted between Russia and the west. The company has no dealings with any sanctioned individuals, companies, or entities and conducted an internal review of all its operations and found no evidence of any breach of sanctions. The impact of Russian businesses has been significant, with share prices falling and investors becoming increasingly cautious about investing in Russian companies. #BUSINESS