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Switzerland says Russian gold imports arrived from UK
By Eddie Spence
Bloomberg News
Friday, June 24, 2022
Gold recorded as originating from Russia arrived in Switzerland from the UK last month, according to the Swiss Federal Customs Administration.
More than 3 tons of gold -- worth about $200 million -- was recorded as being imported from Russia to Switzerland last month, according to customs data. The industry has been abuzz with speculation about the trade, especially after the association of Swiss refiners said its members hadn’t imported the metal.
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The gold arrived from the UK, but had a Russian so-called designation of origin, customs said in a statement Friday. That means the gold was processed for the last time in Russia, according to a spokesperson. Customs didn’t provide any information on the importer of the gold for legal reasons. ...
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