UK firms down tools and scramble to protect staff in Ukraine warzone
Evening Standard|February 25, 2022
COMPANIES are closing operations in Ukraine and scrambling to rescue staff in the face of advancing Russian troops.
Oscar Williams-Grut
UK firms down tools and scramble to protect staff in Ukraine warzone

“Worsening situation”: Russian steel giant Evraz, part-owned by Roman Abramovich, is preparing for sanctions after Putin’s attack

London-listed Ferrexpo and Enwell Energy both announced shutdowns in the country today while steel giant Evraz said it was preparing for possible sanctions.

Stock markets staged a mild recovery as investors went bargain-hunting but City broker Peel Hunt said it was “far too early to judge how this will play out and the extent of sanctions”.

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