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The US authorities are preparing to limit Russia’s ability to conduct cross-border operations with gold as much as possible. The soon-to-be-adopted bill provides for penalties even for foreigners who take part in gold transactions where Russia or its representatives act as counterparties. As a result, such transactions will not be able to be carried out, […]
The Scandinavian and Eastern European countries are proposing new sanctions, while Germany and the Netherlands want to focus on implementing existing measures and removing schemes to circumvent the restrictions already in place. The new package of sanctions against Russia* that the European Union will impose for Putin’s full-scale war with Ukraine will include Russian gold. […]
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 […]