Abramovich-owned steelmaker scraps plan to spin out coal operations           

London-listed company says sanctions make it technically impossible to execute the demerger it proposed early last year to concentrate on its core steel business

Roman Abramovich has been the subject of sanctions.

Russian steelmaker Evraz, whose biggest shareholder is sanctioned billionaire Roman Abramovich, scrapped plans to separate its coal assets, citing sanctions on Moscow following its invasion of Ukraine.

The London-listed company said the sanctions made it "technically impossible" to execute the demerger it proposed early last year to concentrate on its core steel business.