Connect with us

Hi, what are you looking for?


Switzerland imported Russian gold for the first time since the Russian invasion of Ukraine

Switzerland imported Russian gold for the first time since the Russian invasion of Ukraine

in May More than three tons of gold came to Switzerland from RussiaAccording to data from the Swiss Federal Customs Administration reported by Bloomberg. This is the first Russian import of gold to Europe since February.

The move by Switzerland – which has four major gold refineries – is noteworthy as most buyers stopped importing Russian gold when the London Bullion Market Association (LBMA) removed Russia from its list of approved countries. LBMA is the most important certification institution for producers of precious metals.

This means a virtual ban on the sale of Russian He went in the London market, but no official sanctions have been imposed that would prohibit processing the Russian metal in other countries, American Insider writes.

Switzerland recorded nearly all of its gold imports last month for refining or other processing, although the four largest refiners told Bloomberg that they did not take the commodity.

See also  Orange green and CD Projekt. WIG20 saves growth
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like


Another person familiar with Sony’s plans confirms the killer news for PS5 owners. Horizon Forbidden West is not expected to appear on the market...


It looks like Tesla wants to use lasers instead of standard wipers in the future. I applied for a patent for this solution. The...


The British government has canceled a recommendation to avoid travel to and from the eight regions most affected by the Indian coronavirus variant altogether....


Farmer reveals government plans for CPK The farmer who issued the documents is a member of the social council of the CPK. As he...