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Home›Commodities›Precious Metals›Russian gold shipments rise in Hong Kong after Western…

Russian gold shipments rise in Hong Kong after Western sanctions

Reported · Written up by our desk · Precious Metals

CNBC World reports that a surge in Russian gold volumes has been moving through Hong Kong, highlighting how Western sanctions have reshaped the flow of bullion trade.

The outlet links the shift to rerouting of Russia's gold business after its invasion of Ukraine in 2022, which closed off access for Russian producers to major Western markets.

Latest closeGold $4,170.90 ▲0.2%

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Sources

CNBC WorldRussian gold floods Hong Kong as Western sanctions redraw bullion trade

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