The United Arab Emirates has become a key trading center for Russian gold. following the imposition of Western sanctions on Russia. According to Russian customs data, in 2022 the Emirates imported more than 75 tons of Russian gold for a total of US$ 4.3 billion, while in 2021 this volume was 1.3 tons.
For comparison, China and Türkiye imported about 20 tons. Thus, these three countries accounted for 99.8% of Russian gold exports.
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