In May, Switzerland received more than 3 tons of gold, which may indicate a softening of the position of market participants in metals from Russia.
Switzerland imported gold from Russia for the first time since invading Ukraine. This was reported by Bloomberg.
According to the Swiss Federal Customs Administration, more than 3 tons of precious metal were shipped from Russia to Switzerland in May, the first time a shipment has been recorded since February. This may indicate a possible easing of the position of market participants in relation to national precious metals.
Source
ubr