Why Has Russia Stopped Selling Gold?
SocGen Notes: Between 2022 and 2024, Russian gold moved indirectly through Kazakhstan and Uzbekistan, which then re-exported tonnage to the UK and Switzerland. In 2025, this mechanism ceased.
Where Have Russia’s Gold Sales Gone ? Breakdown and China Context
SocGen Notes: Between 2022 and 2024, Russian gold moved indirectly through Kazakhstan and Uzbekistan, which then re-exported tonnage to the UK and Switzerland. In 2025, this mechanism ceased.
