Russia’s Evraz says auditor EY terminates services

(Reuters) – Russia’s Evraz said on Wednesday its auditor Ernst & Young has terminated services due to the sanctions imposed on the steel maker following the Russia-Ukraine conflict, highlighting the plight of Russian firms in finding auditors.

Evraz also said it has been unable to find a UK audit firm or a UK auditor willing to replace Ernst & Young.

Britain sanctioned Evraz in May in response to Russia’s invasion of Ukraine.

(Reporting by Aby Jose Koilparambil in Bengaluru; editing by Uttaresh.V)

tagreuters.com2022binary_LYNXMPEIA80ML-VIEWIMAGE

Live Market Pulse

The charting technology is provided by TradingView. Learn how to use theTradingView Stock Screener.