The Kyzyl-Tashtyg Mining and Processing Facility in Tuva (GOK) “Lunsin” was at the risk of closing the Chinese owner because of the consequences of sanctions. Reporting this Telegraph channel Republican government.
According to the Tuva government, the Chinese company decided to stop the work in connection with the “significant expansion of sanctions and then the Chinese banks refuse to work with Russian financial companies”. As stated in the message, the decision on the suspension of the study was temporarily reviewed, Lunsin LLC Lee Kayven General Manager flew to China.
GOK “Lunsin” was created in 2005, and the Kyzyl-Tashtyg Polymetical Area Development License is valid until May 1, 2031.
The previous day reportedSuspect of the production workshops of the Zheashart Forestry Complex (LPK) in the Republic of Komi due to lack of raw materials. At the same time, strategically important objects continue to work as usual. As of April 30, 288 people worked in the enterprise, 732 employees were one and 99 of them were planned. It is emphasized that there is no salary debts.
Previously KnownIt changes development strategies after the implementation of sanctions of only 50% of Russian LPK companies.
What are you thinking?
Source: Gazeta

Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.