Nornickel's Board of Directors approved the budget for 2023. Investment program provides funding for key projects such as Sulfur Program 2.0, mining projects, projects to maintain the infrastructure of the Norilsk Industrial District's fuel and energy complex and equipment replacement and capitalized repairs. Next year, the company is at the peak of its investment cycle, whereby capital expenditures are expected to increase by 10% relative to 2022, which is forecasted at about $4.7 bln.