China sharply increased the purchases of Russian gold. They grew 50 times compared to the previous year, Russian media write.
Journalists studied the reports of the Chief Customs Administration of the PRC. They indicate that gold exports from Russia to China reached $ 108.8 million. This is almost nine times more than in June 2022 and 50 times more compared to last July last year.
before the start of the war in Ukraine and the introduction of Western sanctions against Moscow, Russian gold was sold to the UK (84%), Switzerland and the United Arab Emirates. Now sales there are almost impossible. Sources claim that Russia sells precious metal to Asia at a discount, but there is no exact data about this.