Evraz, the Russian steelmaker in which Roman Abramovich is the largest shareholder, has raised a $425 million loan from a syndicate of European banks, in a sign that some western banks are still lending money in the country despite concerns about doing business amid intensifying sanctions.
Russia's War Against Ukraine
Financial Times: Russian steelmaker Evraz raises $425 million from European lenders
Furnaces are still fired up but Evraz, the London-listed steelmaker, risks breaching its debt covenants even though its position is less precarious than some of its Russian peers such as Mechel and Rusal.
