A construction company owned by Chechen-born billionaire Ruslan Baisarov was declared the winner of a government auction to sell one of Russia’s largest gold producers, the news outlet RBC reported on Friday.

A construction company owned by Chechen-born billionaire Ruslan Baisarov was declared the winner of a government auction to sell one of Russia’s largest gold producers, the news…

Russia sold its 67.2% stake in gold miner Yuzhuralzoloto for $1.3 billion after three failed auctions, a 43% discount from the original asking price.