Risks of further U.S. sanctions will 'paradoxically' boost Russia's gold production: Fitch Solutions
Russia is expected to increase gold production more rapidly in 2020 and 2021, according to Fitch Solutions.
Over the longer term, a "healthy" pipeline of new mining projects could push Russia to become the world's largest gold producer by 2029 — overtaking China and Australia, said Fitch Solutions.Kirill Kukhmar | TASS | Getty Images "The ongoing and expanding US sanctions on Russia will paradoxically support gold production in the country in the short term," the consultancy said in a Wednesday report.
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