It should not be construed as the giving of advice or the making of a recommendation and should not be relied on as the basis for any decision or action. MOSCOW (Reuters) - Russian petrochemical company Sibur is preparing for an initial public offering (IPO) potentially worth between $2 billion and $3 billion and which may happen by the end of the year, financial market sources told Reuters. The sanctions lists have increased each year and now consist of more than 500 companies and 300 individuals.

Find more. FROM U.S. TREASURY STATEMENT: “Kirill Shamalov is being designated for operating in the energy sector of the Russian Federation economy. Sanctions List Search will detect certain misspellings or other incorrectly entered text, and will return near, or proximate, matches, based on the confidence rating set by the user via the slider-bar. Sanctions are a central element of U.S. policy to counter and deter malign Russian behavior. Supporting our people.

That same year, long-time Putin associate Gennady Timchenko, who is himself designated pursuant to E.O. Russia Sanctions List In 2014 the US, EU and other states imposed a range of sanctions on Russian companies and individuals in connection with the annexation of the Crimea and Russia's involvement in a military conflict in Eastern Ukraine. SIBUR views the health and well-being of its personnel and all stakeholders as its top priority, emphasising it above operating performance, Strong engagement with local communities is at the heart of SIBUR's corporate social responsibility efforts, SIBUR is committed to ongoing comprehensive efforts aimed at reducing its environmental footprint, SIBUR offers competitive employment with a fair and consistent pay package, social benefits, and opportunities for professional development and career growth. JP Morgan declined to comment, and Gazprombank did not reply immediately to a request for comment. One of three financial market sources familiar with Sibur’s plans said the company was looking at the possibility of an IPO in Moscow and London and may raise $2 billion to $3 billion. 13662. Sibur is looking for Asian partners to share the risks for the latter.

A year later, he was able to borrow more than one $1 billion through a loan from Gazprombank, a state-owned entity subject to sectoral sanctions pursuant to E.O. A spokesman for Timchenko declined comment as did Sibur, which is not under Western sanctions as a company. In particular, actual results and developments may be materially different from any forecast, opinion or expectation expressed on this website. Sibur is not under sanctions. A source said Mikhelson may sell part of his stake, while Timchenko and another shareholder, Kirill Shamalov, both under U.S. sanctions, were likely to retain their shares. Our Standards: The Thomson Reuters Trust Principles. In 2018, its revenue was USD 9.1 bln and EBITDA USD 3.2 bln.

Businessman Leonid Mikhelson, the head of and a major shareholder in Russia’s largest gas producer Novatek, owns 48.5 percent of Sibur. SIBUR views the health and well-being of its personnel and all stakeholders as its top priority, emphasising it above operating performance, Strong engagement with local communities is at the heart of SIBUR's corporate social responsibility efforts, SIBUR is committed to ongoing comprehensive efforts aimed at reducing its environmental footprint, SIBUR offers competitive employment with a fair and consistent pay package, social benefits, and opportunities for professional development and career growth. The Company has not reviewed, is not responsible for, and accepts no liability in respect of, any information or opinion contained on any such other website.

Asked about a potential IPO, Sibur said in a written reply to Reuters that it was considering “strategic options” on how to finance its growth. All quotes delayed a minimum of 15 minutes.