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Nornickel: lawyers are looking at impact of sanctions on Potanin

FILE PHOTO: The logo of Russia's mining company Norilsk Nickel (Nornickel) is seen during the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 15, 2022. REUTERS/Maxim Shemetov

(Reuters) - Russian nickel and palladium producer Nornickel said on Wednesday that its lawyers were looking at the impact of British sanctions on its major shareholder and chief executive, Vladimir Potanin.

“We as a company are not under sanctions. In terms of the impact of personal sanctions on our president and major shareholder - this issue is currently being studied by our lawyers,” Vladimir Zhukov, Nornickel vice-president, told an online event.

Britain on Wednesday announced sanctions on Potanin, who holds a 36% stake in Nornickel, the world’s largest producer of palladium and refined nickel.

Reporting by Reuters; editing by Elaine Hardcastle

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