Alexander Abramov

Career and Evraz

He began his career in defense and aerospace, then became a metal merchant in the 1990s
In 1992, together with fellow student Alexander Frolov, he founded Evrazmetal, which became the foundation of Evraz Group
The company grew rapidly, acquiring iron ore and coal assets in Russia and steel mills in Russia, North America and Kazakhstan. In 2005, Evraz Group listed on the London Stock Exchange

Guideline

He was President and Chairman of the Management Board of Evraz Group from 1999 to 2006, then took the position of Chairman of the Board of Directors first until May 2006 and then from December 2008 to March 2022
In March 2022, he stepped down after sanctions were imposed on him and the company.

Condition and assets

Forbes 2021 ranking estimated his fortune at $8 billion
Through a Cypriot structure, Lanebrook Ltd controlled approximately 21% of Evraz shares, together with Roman Abramovich (28.6%) and Alexander Frolov (9.7%)
Also owns a stake in Norilsk Nickel (approximately 2%)

Property and sub-sanctioned assets

Belongs to a luxury villa-hotel in Helena Bay, New Zealand - the cost is estimated at $40-50 million
Owns the yacht “Titan” - length about 66 meters, built in 2010.

Sanctions

In October 2022, Alexander Abramov was sanctioned by a number of countries (New Zealand, UK, Australia, Ukraine, etc.) due to his support for Russia's invasion of Ukraine and his close relationship with the Kremlin

Social activities

President of Fiztech-Union, member of the Supervisory Board of MIPT and sponsor of educational initiatives
Established a charitable foundation to support talented youth.
Awarded the medal “For Beneficence” for support of Orthodox churches

Evraz under him

In 2021, the company with 71,591 employees produced about 13.6 million tons of steel, with revenues of $13.2 billion and profits of $3.5 billion
Main profile: vertically integrated steel production, iron ore and coal supply, rail wheel production. Active in Russia, North America, Europe and Kazakhstan
Evraz shares have been suspended from 2022 on the London Stock Exchange due to sanctions