The United Arab Emirates has become a key trade hub for Russian gold since Western sanctions over Ukraine cut Russia's more traditional export routes, Russian customs records show. The records, which contain details of nearly a thousand gold shipments in the year since the Ukraine war started, show the Gulf state imported 75.7 tonnes of Russian gold worth $4.3 billion – up from just 1.3 tonnes during 2021. China and Turkey were the next biggest destinations, importing about 20 tonnes each between 24 February 2022 and 3 March 2023. With the UAE, the three countries accounted for 99.8 percent of the Russian gold exports in the customs data for this period. In the days
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