A multitude of London-listed shares with exposure to Russia and Ukraine region have seen dramatic falls in their value following Vladimir Putin’s decision to invade Ukraine, and the West’s decision to impose sanctions on Russia.
Shares in Evraz (EVR), Russia’s second largest steel company have fallen by 26% today, and by 40% over the last five days.
Iron pellet producer Ferrexpo (FXPO) is the world’s third largest producer of pellets that feed directly into blast furnaces that are used to make steel.
Based in the Ukraine, investors are naturally concerned about the risks posed to its assets. Although the share price is 1.5% firmer today, it has fallen by 36% over the last five days.
Gold mining company Petropavlosvk (POG) was established by entrepreneur Peter Hambro in 1990, and has established gold operations across Russia.
The company’s success was reflected by its transition from its listing on AIM in 2009, to the FTSE 250 index. The share price is trading down 26.3% today, and has fallen by 40.8% over the last five days.
Shares in oil giant Shell (SHEL) have drifted 1.2% lower today, reflecting its 27.5% exposure to the Sakhalin 2 project. This is one of the world’s largest integrated oil and gas projects, as well as Russia’s first offshore gas project.
Sakhalin Energy Investment Company Ltd., the project operator, is owned by Gazprom, Shell, Mitsui and Mitsubishi. The project infrastructure includes three offshore platforms, an onshore processing facility, 300 kilometres of offshore pipelines and 1,600 kilometres of onshore pipelines, an oil export terminal and a liquefied natural gas plant
Shares in commercial property investment firm Raven Property (RAV) have fallen 25% today, and 36.7% over the last five days. The firm owns warehouses in major Russian cities including Moscow and St Petersburg.
