Separation of assets of Polymetal with the current registration is almost impossible, as it requires special permission, said company's CEO Vitaly Nesis. In July 2022, Polymetal said it intended to sell its Russian assets and focus on business in Kazakhstan, where it currently produces more than 500,000 ounces of gold a year. Now company is exploring possibility of re-registering in Hong Kong, China, UAE, Kazakhstan or another friendly jurisdiction.