MOSCOW (Reuters) - U.S. fund manager BlackRock reduced its stake in gold miner Polymetal to 4.01% from 7.44% this month, Polymetal said on Tuesday.

BlackRock sold at $3.80 per share, netting about $62 million, it said.

Polymetal shares were down 1.4% to $3.68 on Tuesday on the Astana International Exchange where they moved after the company's Russian business came under Western sanctions.

Polymetal sold its Russian assets to a Siberian gold miner this month.