Abramovich-linked companies raised billions via Irish bond market

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Companies linked to the sanctioned Russian oligarch, Roman Abramovich, raised billions of euro by way of entities listed on the Irish bond market

It said the Chelsea club owner “is, or has been involved in, destabilising Ukraine and undermining and threatening the territorial integrity, sovereignty and independence of Ukraine, via Evraz plc, a steel manufacturing and mining company in which Abramovich has a significant shareholding and over which Abramovich exercises effective control.”

Evraz plc raised $750 million by way of bonds listed on the Dublin market in 2017, and a further $700 million two years later. The bonds mature in 2023 and 2024 respectively. The Dublin SPV was incorporated in 2012 for the purpose of raising funds for Norilsk Nickel, which is not a sanctioned company.

The accounts show that during 2020 the company’s auditor was KPMG, Dublin, its firm of solicitors was Arthur Cox, and Cafico International, Dublin 2, provided directors and company secretarial services.

 

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