Polymetal, the biggest producer of silver and gold in Russia, is going to register its business in Kazakhstan. The company said that its Kazakhstani subsidiaries are independent of its business in Russia which has been targeted by U.S. sanctions.
«Our assets in Kazakhstan have been fully independent of Russian assets for a long time and operate in parallel. This is a part of the Polymetal redomiciliation project in Kazakhstan. The next step will be possible asset division based on nationality,» Polymetal said in a statement, citing Vitaly Nesis, head of the company.
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