The management of Polymetal will leave the Russian division of the enterprise in connection with the sanctions against it. This is stated in a published post. Web site polymetal.
Polymetal CEO Vitaly Nesis, Finance Director Maxim Nazimok and Strategic Development Group Vice President Pavel Danilin have resigned.
According to the company’s announcement, Nesis and Nazimok will retain their current positions at Polymetal International plc and focus on operating the group’s assets in Kazakhstan and relocating the company to the Astana International Financial Center (AIFC). Following the resettlement process, they will continue to work on a possible division of the group’s assets across jurisdictions as soon as possible under the sanctions.
It is stated that Danilin, the group’s vice president of strategic development, has completely ceased labor activity in the company. Asset management in Russia has been delegated to the leaders of AO Polymetal.
Reported in March Polymetal reduced Gold and silver reserves increased by almost 10% due to anti-Russian sanctions.
Polymetal in early November 2022 declaration, which does not take into account the possibility of selling assets in the domestic market of the Russian Federation. At the same time, the company noted that it is considering the possibility of selling Russian assets due to the aggravation of the geopolitical situation.