The United States may not allocate $1.6 billion to Trump's tungsten project in Kazakhstan.
According to Bloomberg, creditors are concerned about the project's prospects and geopolitical risks, including Kazakhstan's proximity to China and Russia.
A representative of the US International Development Corporation (DFC) told the agency that the organization is not currently considering the deal.
As previously reported in the "Wall Street Journal", the sons of the US president, Donald Trump Jr. and Eric Trump, received an indirect stake of less than 1% in the company.
The project is related to the development of the northern fields of Katpar and Verhnee Kairakty in the Karaganda region. These are some of the largest untapped tungsten reserves in the world.
As previously reported, by 2033 production should reach a level of approximately 3 million tons of ore per year.
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