With Russian gold excluded from Western markets, little-known companies are stepping in to help the country’s bullion find new buyers.
Russian bars became taboo after the invasion of Ukraine and were blocked by the Group of Seven countries and the European Union. import bans last summer. This has created a real headache for Russia’s huge gold industry: its own market cannot absorb the $20 billion in metal mined each year, leaving the central bank or foreign buyers to handle the rest.
