By Accepting Russian Gold, Switzerland Shows it Does Not Want to Cede Gold Market Share to Dubai

Posted on 06/22/2022

More than 3 tons of gold was shipped to Switzerland from Russia in May 2022, according to data from the Swiss Federal Customs Administration. This is the first shipment between Russia and Switzerland since February 2022. The shipments represent about 2% of gold imports into the key refining hub in May 2022. Switzerland joined with…

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