Gold from Russia managed to reach Western countries despite sanctions 15:49

Gold from Russia can enter the markets of Western countries, bypassing sanctions with the help of the United Arab Emirates (UAE). In this respect writer country

The sanctions imposed on the Russian gold mining industry did not become a tangible problem for producers. The publication stated that it was bought by the UAE by asking for gold from Russia, and from there it is likely to reach Western markets.

According to the publication, the UAE bought only 1.3 tons of gold from Russia in 2021. But since the start of special operations in Ukraine, the situation has changed. Between February 24, 2022 – March 3, 2023, the UAE purchased 75.7 tons of gold from the Russian Federation for 4.3 billion dollars. In addition, the 1% discount offered by Russian suppliers in the United Arab Emirates encourages traders to prefer Russian precious metals. metals.

The authors of the article drew attention to the possibility of reselling Russian gold from the UAE to Western markets. But the largest traders in the United Arab Emirates say they fully comply with the law and sanctions.

On May 25, Reuters, citing Russian customs data from a commercial supplier, reportedFollowing last year’s results, the UAE has become a major importer of Russian gold. Türkiye and China also increased their gold imports from Russia.



Source: Gazeta

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Popular

More from author

Kendall Jenner posts a photo in a see-through maxi dress 17:06

Model Kendall Jenner posted on the social network a series of photos taken on vacation - in which she appears in a floor-length dark...

Striker “Spartak” may go to “Genk” 16:42

Journalist Sasha Tavolieri in social networks reported that Moscow "Spartak" Shamar Nicholson is interested in the Belgian "Genk".It was noted that "Genk" wanted to...

The Ministry of Internal Affairs of the Russian Federation put Valery Zaluzhny on the wanted list 16:34

The Ministry of Internal Affairs of Russia put Valeriy Zaluzhny, Commander-in-Chief of the Armed Forces of Ukraine, on the wanted list. This is...

Russian Foreign Ministry says those involved in drone attacks on Moscow will answer for their actions 16:33

The Russian Foreign Ministry said those involved in drone attacks in Moscow and the Moscow region will be found and severely punished. This...