Russian Gold Floods Hong Kong After Western Sanctions
Following Western sanctions, Russia has significantly increased its gold exports to Hong Kong. In the first seven months of 2023, nearly 100 tons of Russian gold arrived in Hong Kong, approximately three times more than in the same period in 2022. This surge in gold shipments comes as Asian hubs, including Hong Kong, are vying for a larger share of the global gold trade traditionally dominated by London, New York, and Dubai.8 sourcesSee all sources
