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Lawrence Jenkins, a retail shareholder who has held Petropavlovsk shares for several years, said the UK government’s “ill-thought-out sanctions†on Russia had destroyed Petropavlovsk. “Shareholders are wiped out and Russia will get the gold and more importantly [more than] a billion pounds worth of assets,†he said. The company’s founder Maslovskiy remains in a Russian prison, where he has been detained for more than a year without being charged.
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