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Reuters
Reuters
Business
By Peter Hobson

Factbox-Russian gold shipments to the UAE, China and Turkey

Gold United States Russia UAE Turkey China Emirates LBMA JPMorgan Ukraine
FILE PHOTO: Ingots of 99.99 percent pure gold are placed in a workroom at Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, Russia, January 31, 2023. REUTERS/Alexander Manzyuk/File Photo

The United Arab Emirates has become a key trade hub for Russian gold since Western sanctions over Ukraine cut Russia's more traditional export routes, Russian customs records show.

The records, which contain details of nearly a thousand gold shipments between Feb. 24, 2022 and March 3 this year, reveal the names of over 100 non-Russian companies that have handled Russian gold since Western markets banned imports from Moscow.

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