Russian Gold Imports to Hong Kong Reach Record 100 Tonnes Amid Western Sanctions
36 Articles
36 Articles
Russian Gold Imports to Hong Kong Reach Record 100 Tonnes Amid Western Sanctions
Russian gold shipments to Hong Kong reached a record high of nearly 100 tonnes during the first seven months of 2026, as Western sanctions continue to divert Russian bullion away from traditional financial centers like London and New York, the Financial Times reported on September 7.
Tons of Russian gold flowed to Hong Kong, bypassing the United States and Britain
Tons of Russian gold flowed to Hong Kong, bypassing the United States and BritainRussia has dramatically increased gold shipments to Hong Kong: in the first seven months of 2026, almost 100 tons were shipped there, almost three times more than...
The volume of Russian gold shipments imported by Hong Kong has risen significantly, having become a centre of trade in gold subject to Western sanctions since the outbreak of the Ukraine war.
Beijing is building a safe, negotiation and gold settlement infrastructure around Shanghai and Hong Kong. The strategy is to increase Chinese reserves, attract gold from foreign central banks and create an alternative to the system dominated by London and the dollar. Russia is already moving increasing volumes of gold to Hong Kong.
(Seoul = Yonhap News) Reporter Joo Jong-guk = As the West restricts imports of Russian gold following Russia's invasion of Ukraine in 2022, Hong Kong, a major importer of Russian gold...
Since the beginning of 2022, Hong Kong companies have purchased Russian gold by $35 billion.
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