China’s largest oil refiner Sinopec has reportedly extracted crude oil and natural gas from a newly drilled oil reserve with wells around 8,000 meters deep, in the Tarim Basin of the Xinjiang region. According to Xinhua agency, citing the company on Wednesday, the site could potentially yield 244 tons of …
Read More »Russia will run out of gold in 20 years if new deposits not found, biggest gold miner warns
According to Grachev, Russia’s gold deposits currently total about 8,000 tons, while annual production amounts to 330 tons. “If the trend is not reversed, the industry may face a structural shortage of raw materials during the next decade or two,” the chief executive said, stressing that Polyus has 37 years …
Read More »Kyrgyzstan is fighting fierce new battles over its colossal gold deposits. But is it a state-backed raid, or a triumph of justice?
Japarov isn’t the only example in modern history of a new leader coming to power and trying to deal with the alleged dodgy dealings of previous rulers. Take the fate of Nigerian dictator Sani Abacha, for example. Versions of how he died differ – officially, it was a heart attack, …
Read More »Russia’s current supply of gold deposits should last for next 40 years, minister says
“Russia is first in the world in terms of gold reserves (13%) while, in terms of production, third, after China and Australia. The country’s supply at the current level of output is about 40 years,” he told Izvestia newspaper. The minister pointed out that the Russian government is constantly replenishing its …
Read More »The Deputy Chairman of VTB, said on the risk of return the situation with the deposits in the 1990s
Real profitability of Bank deposits may soon not compensate losses from inflation, warned the Deputy Chairman of VTB. The consequence would be a repetition of the situation when the Russians did not consider the contributions seriously The Russians may be disappointed in deposits as forms of saving money, the situation …
Read More »The default-2020: “the State may withdraw deposits from the public to balance the budget”
Potbelly Putin will not be enough — the national welfare Fund money may end at the end of the year Funds of the national welfare Fund may be enough for Russia just two years, if the price of Urals crude oil will not rise above $ 15 per barrel. To …
Read More »The default-2020: “the State may withdraw deposits from the public to balance the budget”
Potbelly Putin will not be enough — the national welfare Fund money may end at the end of the year Funds of the national welfare Fund may be enough for Russia just two years, if the price of Urals crude oil will not rise above $ 15 per barrel. To …
Read More »Russia has sharply decreased rates on ruble deposits
Ten largest Russian banks, the average maximum rate on deposits declined in early August to 6.82%, i.e. to the lowest level since October last year. In the third week of July this figure was 7.05 percent. The situation was affected by the actions of the Bank of Russia, which for …
Read More »In the Duma introduced a law on the renewal in 2020 compensation for Soviet deposits
In the state Duma a bill for the full compensation for pre-reform deposits in the savings Bank. Its authors were members of the faction “Fair Russia”, reports RIA Novosti with reference to the database of the lower house. This initiative has followed a negative conclusion of the Cabinet of Ministers. …
Read More »The Fund of guaranteeing the deposits of individuals the Bank is liquidated Kurchenko
The guarantee Fund terminates payment of guaranteed amount of compensation on deposits. The Deposit guarantee Fund of individuals ‘ deposits made up the payment of guaranteed sums to depositors of PJSC “real Bank”. “May 20, 2019 authorized person of Fund of guaranteeing deposits of individuals in the liquidation of the …
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