This coin is from 'The Russian Federation' series, a series of coins that started in 2005 with each celebrating a region of Russia.
This issue is for the Altai Republic in south-western Siberia. Actually, it is in the very centre of Asia.
That's a griffin on the Altai coat of arms (aka griffon, gryphon). However, after doing some deep diving on Google, I have come up empty-handed as to the significance.
All coin images in Daniel's Coin Zoo are from my personal collection. I collect, research, and personally photograph every coin displayed on this site. PLEASE do not take my images without permission. If you would like to use any coin image you see, just ask me. Thank you.