Some Russian Banks May Have Swapped Gold for Dollars, Report Says: Lenders appeared to skirt ban on shipping banknotes to Russia; Sayari report says banks traded gold for cash in UAE, Turkey
by HenryCorp
Some Russian Banks May Have Swapped Gold for Dollars, Report Says: Lenders appeared to skirt ban on shipping banknotes to Russia; Sayari report says banks traded gold for cash in UAE, Turkey
by HenryCorp
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> Russia is the world’s second-biggest gold producer.
> maneuvered around a ban on shipping dollars and euros to the country by trading gold in the United Arab Emirates and Turkey, according to research from a financial-intelligence company.
> The sanctions on the export of banknotes were introduced after the Kremlin’s invasion of Ukraine.