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Top related persons:
James - 1 Tayfun Salci - 1 Paloma Precious DMCC - 1 Uzhuralzoloto - 1 Konstantin Strukov - 1 Strukov - 1 Anastasia Lyrchikova - 1 Felix Light - 1
Top related locs:
Ukraine Nord Gold Russia United Arab Emirates Ukraine MOSCOW Moscow Britain
Top related orgs:
Nord - 2 Highland Gold Mining - 2 Foreign - 1 Zuma - 1 United - 1 UGC - 1 Alfa Bank - 1 Crime Agency - 1

Search resuls for: "Nord Gold"


2 mentions found


☆ U.K. Hits Russian Gold, Oil Sectors With New Sanctions Package
  + stars: | 2023-11-09 | by ( David Smagalla | ) www.wsj.com   time to read: 1 min
U.K. Foreign Secretary James Cleverly. Photo: Tayfun Salci/Zuma PressThe U.K. government has sanctioned 29 entities and individuals operating in and supporting Russia’s gold and oil sectors, in an effort to cut off revenue streams funding its war in Ukraine. Entities sanctioned Wednesday include Nord Gold and Highland Gold Mining, two of the largest producers of Russian gold, and Paloma Precious DMCC, a United Arab Emirates-based network the U.K. said has channeled more than $300 million in gold revenue to Russia.
Persons: James, Tayfun Salci, Paloma Precious DMCC Organizations: Foreign, Zuma, Nord, Highland Gold Mining, United Locations: Ukraine, Nord Gold, United Arab Emirates, Russia
☆ Russian gold miner Uzhuralzoloto announces IPO despite UK sanctions on owner
  + stars: | 2023-11-09 | by ( Anastasia Lyrchikova | ) www.reuters.com   time to read: +2 min
Alfa Bank analysts valued UGC's share capital at 140.5-170.8 billion roubles ($1.53-1.86 billion). Britain imposed sanctions on 29 individuals and entities in Russia's gold and oil sectors on Wednesday, including Strukov and two of Russia's largest gold producers, Nord Gold and Highland Gold Mining, but not UGC itself. Britain's National Crime Agency (NCA) also issued an alert to financial institutions, warning them about Russian attempts to use gold to evade sanctions. Strukov said the IPO would allow UGC to reach more investors, diversify the shareholder structure and lower its debt burden. A string of small offerings has breathed some life into Russia's equity capital markets in recent months.
Persons: Uzhuralzoloto, Konstantin Strukov, Strukov, Anastasia Lyrchikova, Felix Light, Alexander Marrow, Mark Potter Organizations: UGC, Alfa Bank, Reuters, Nord, Highland Gold Mining, Crime Agency, Astra, Thomson Locations: Russia, Ukraine MOSCOW, Moscow, Britain, Ukraine, Nord Gold
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