Russia introduces fines for unreported precious metals data

The Russian government submitted a bill to the State Duma imposing administrative fines (20,000–120,000 rubles) for failure to report or providing incomplete/inaccurate information on precious metals and stones to the state system. This is a regulatory tightening aimed at increasing state oversight of the precious metals sector, likely to combat illicit flows and enhance control over strategic resources. The move signals continued state centralization in resource governance, with potential implications for domestic market participants and transparency.

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