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CONTINGENCIES
6 Months Ended
Jun. 30, 2022
Commitments and contingencies  
NOTE 17 - CONTINGENCIES

 NOTE 17 — CONTINGENCIES

 

The coronavirus disease 2019 (COVID-19) pandemic has adversely affected global economic business conditions. Future sales on products like ours could decline or fluctuate due to increased or fluctuating commodities prices, particularly gold. Although we are continuing to monitor and assess the effects of the COVID-19 pandemic, the ultimate impact is highly uncertain and subject to change. The duration of any such impact cannot be predicted, nor can the timing of the development, distribution and acceptance of effective vaccines, booster shots or other treatments for potential COVID-19 divergent strains, including the Delta variant, omicron variant or other variants that may surface. In addition, the effects of the COVID-19 pandemic are subject to, among other things, the effect of government responses to the COVID-19 pandemic on our operations, including vaccine mandates, impacts of the COVID-19 pandemic on global and domestic economic conditions, including with respect to commercial activity, our customers and business partners, as well as consumer preferences and demand.

 

Escalating global tensions caused by the conflict between Russia and Ukraine has upset the stability within the region of the former Soviet era block. This could lead to further volatility in global energy and other industries that could negatively impact our operations. The U.S. government has imposed sanctions and export controls against Russia and Russian interests and threatened additional sanctions and controls. The impact of these measures, as well as other measures taken, as it concerns our operations is currently unknown.