Switzerland reportedly makes first bullion purchase from the sanctioned country since February Switzerland imported gold from Russia in May for the first time since February, Bloomberg reported on Tuesday. According to the article, the move suggests that the industry’s stance toward Russian precious metals may be softening. Switzerland shipped more than 3 tons of gold from Russia last month, Bloomberg cited data from the Swiss Federal Customs Administration. The purchase represents about 2% of Swiss bullion imports in May. The country is a key refining hub that handles two-thirds of the world’s gold. Following the
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