Tuesday 22 April 2014

Polymetal Sticks With London Listing | News | The Moscow Times

Polymetal Sticks With London Listing | News | The Moscow Times:



"Russian precious metals miner Polymetal will keep its London listing and has no plans to change its corporate structure, despite government calls for foreign-listed firms to come home, it said Tuesday. 




President Vladimir Putin has been pushing for the so-called "deoffshorization" of the Russian economy, whereby companies with offshore entities re-register them in Russia and pay taxes in Russia.



In early April, First Deputy Prime Minister Igor Shuvalov urged companies listed on foreign stock exchanges to consider re-listing in Moscow to protect themselves from sanctions imposed by the West over Russia's annexation of Crimea."



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