webindia123 webindia123.com 23 Jan, 2023 14:30 am

China's gold imports from Russia rise despite sanctions

Despite sanctions on Russian goods following its invasion of Ukraine in mid-2022, imports of gold by China from Russia increased, data released by the country's customs agency on Saturday showed, Russia-based television network Russia Today (RT) reported.

6 tons of Russian gold worth a record USD 386.Russian gold exports to China in 2022 soared by 67.Due to western sanctions, Russian gold exports began to fall in mid-2022.The UK was the largest buyer of Russian gold prior to the imposition of sanctions.

The European Commission in July 2022, adopted a proposal for a seventh package of measures that will ban the import of Russian gold.In 2022, China bought a total of 6.

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