© Reuters. FILE PHOTO: Smoking funnels of Nizhny Tagil metallurgical combinate NTMK owned by EVRAZ group are seen in Nizhny Tagil, Russia November 21, 2021. REUTERS/Maxim Shemetov/File Photo
(Reuters) – Russia’s Evraz said on Wednesday its auditor Ernst & Young has terminated services due to the sanctions imposed on the steel maker following the Russia-Ukraine conflict, highlighting the plight of Russian firms in finding auditors.
Evraz also said it has been unable to find a UK audit firm or a UK auditor willing to replace Ernst & Young.
Britain sanctioned Evraz in May in response to Russia’s invasion of Ukraine.
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