Russian tycoon’s investment group sells Polymetal stake to Omani-owned consortium

As of 2020, it was producing around 40% of Russian copper.

In August 2022, Orea announced that it would be buying out Nordgold's majority stake in the 5-million-ounce project for C$100 million.

The EU has so far restricted imports of only a limited number of specific aluminum products from Russia.

An Invesco survey showed a "substantial share" of central banks were concerned by the precedent that had been set.

The Russian Embassy in Kenya declared that "the BRICS countries are planning to introduce a new trading currency, which will be backed by gold.”

Higher percentages of on-warrant Russian aluminum in LME-registered warehouses suggest consumers and traders are avoiding Russian metal even though it is not sanctioned.

The gold and silver producer would not complete its re-domiciling from Jersey to Kazakhstan on schedule.

The deals follow a similar agreement in January with giant Chinese battery maker CATL.

The country slapped sanctions on four companies located in the United Arab Emirates, Central African Republic and Russia.