U.S. sanctions on Gazprombank disrupt financing for Uzbekistan's copper
The Yoshlik mine expansion is being overseen by Almalyk MMC, Uzbekistan's state-owned mining company. The project, set to increase copper output by 78% and gold output by 50% by 2026, relies on financing from Gazprombank, which extended a $1bn credit line for purchasing equipment from European companies.
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