Switzerland Imports Russian Gold for First Time Since War
- More than 3 tons of gold was shipped to refining hub in May
- Russian gold became taboo following invasion of Ukraine
Bars of Russian gold.
Source: Bloomberg
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Switzerland imported gold from Russia for the first time since the invasion of Ukraine, showing the industry’s stance toward the nation’s precious metals may be softening.
More than 3 tons of gold was shipped to Switzerland from Russia in May, according to data from the Swiss Federal Customs Administration. That’s the first shipment between the countries since February.