Support The Moscow Times!

Polyus FTSE Move Delayed

Gold miner Polyus Gold, part controlled by tycoon Mikhail Prokhorov, said Tuesday that it had failed to win approval from the Russian government for its proposed move to London's prestigious FTSE 100 Index.

Polyus, controlled by Prokhorov and potash magnate Suleiman Kerimov, said in a statement that the government commission that evaluates potential foreign investment in Russia — and is chaired by Prime Minister Vladimir Putin — had delayed a decision on whether to approve the plans.

"Some investors will wonder whether the 'delay' is a reaction to Mikhail Prokhorov's quick entrance and exit earlier this year on the Russian political landscape," said Robert Mantse, a mining analyst at Otkritie in Moscow.


Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.