Mikhail Mishustin, the head of the Russian cabinet, issued a directive that obliges resource-mining companies to offset losses inflicted on native minorities of Russia.
Over a few years, the order of compensation was not regimented by any agreement. From now on, such compensation will be subject to special legislation.
Ethnic minorities inhabit northernmost Russia, Siberia, and the Far East - i.e. the regions where vast natural resources are exploited. Resource-mining companies mainly deal with extracting petroleum, precious, and non-ferrous metals. Their activity is accompanied by the alienation of territories. Experts warn that such an intrusion badly affects the lifestyle of the natives.
An agreement on loss compensation to the native population is due to be made between a resource-mining company and a regional council of an ethnic minority. Upon mutual agreement, a document could include provisions for offsetting losses inflicted on an individual’s property as well as a loss of expected gains.
The agreement draft will be available for public consideration soon. Any comments and proposals are welcome, so that the lawmakers could introduce them in amendments. Five days later after an agreement is made, a council of a native minority has to inform a regional government. It will post the document on the official website.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
-
Grand Choice
Contest by
InstaForexInstaForex always strives to help you
fulfill your biggest dreams.JOIN CONTEST -
Chancy DepositDeposit your account with $3,000 and get $10000 more!
In January we raffle $10000 within the Chancy Deposit campaign!
Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.JOIN CONTEST -
Trade Wise, Win DeviceTop up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.JOIN CONTEST

