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Russia is drafting a bill that would allow individuals to privately mine gold, Vedomosti daily reported. There are already 247 placer gold miners registered in Russia each producing less than 30kg a year.
Only one in four voters in Almaty, the country's largest city, cast their ballot.
Chinese President Xi Jinping just arrived in Moscow on a three-day state visit to Russian President Vladimir Putin that provides the Kremlin with a fig leaf of legitimacy for its military campaign in Ukraine and also promotes China to the top table.
Russian GDP contracted by 2.1% last year. For the current year, we expect an economic decline of similar magnitude.
If promises are fulfilled, big gains for public purse and industries such as electric vehicles and renewable energy will be seen.
Amid “apocalyptic” scenes of devastation, Turks search rubble of homes for their gold savings.
The Russian federal budget deficit for January and February 2023 was almost RUB2.6 trillion, according to the MinFin, down by half from the record RUB1.76 trillion reported in January, but already 88% of the budget planned for the whole year.
Resource found in Hamedan could be first of several finds in province.
Payment business Kaspi Pay records strong growth in transaction volume and active user base, with over 21mn users at end-2022.
Russia's reserves fell by $7bn in a week to $582bn, but that number includes the $300bn frozen by the West after the start of the war. The trouble is. a year on and the EU can't find most of it.
Following the US and the UK, the European Council has adopted the 10th package of sanctions against Russia on the anniversary of full-scale military invasion of Ukraine, including further export bans worth more than €11bn.
Central bank governor calls in to marathon TV show to donate TRY30bn of QE to aid appeal.
Upsurge in gangsterism may be linked to unending “wealth amnesties” that attract foreign mafiosi to the country.
The free flow of ideas, people, goods, services, and capital across national borders leads to greater economic integration. But globalization, the trend toward these things moving ever more freely between nations, has slowed in recent years.
As the leading privately owned company in the country and a large employer, Artel is trying to lead by example and promote best and responsible ESG business practices in Uzbekistan, the company said in its recently released progress report for 2022.
The value of imports into Russia in the fourth quarter of 2022 decreased at a slower pace year on year, the Central Bank of Russia (CBR) reported on January 26. The positive ...
Move might enable gold and silver miner to carve out its Russian business.
The conventional definition of a World War is that it involves the participation of multiple major powers in a global conflict. Yet one increasingly hears that the Ukrainian War signals the outbreak of World War III.
The central banks of Turkey and Kyrgyzstan were notable buyers of gold in November, while the central banks of Kazakhstan and Uzbekistan were significant sellers of the precious metal, according to ...