Other destinations have taken over Russia’s bullion trade after the G7 and EU banned imports from the sanctioned country A number of countries are snapping up Russian gold bullion after Western governments closed their markets as part of Ukraine-related sanctions on Moscow, Bloomberg reported on Tuesday. The G7, EU and Switzerland, a major gold hub with a traditionally neutral stance, banned Russian gold imports last summer in an effort to damage the country's $20 billion gold industry. Prior to the sanctions, London was the top destination for Russian gold. Now, since major gold-buying banks such as JPMorgan C
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