Switzerland imported gold from Russia for the first time since the invasion of Ukraine in February. This indicates that the industry’s attitude towards the country’s precious metals has declined.
According to data from the Swiss Federal Customs Administration, Russia shipped more than 3 tons of gold to Switzerland during May, This represented about 2% of the yellow metal’s imports into the main refining center last month.
But some buyers are still wary of Russian metals that are still not tradable in Western markets. Switzerland has been importing small amounts of palladium from Russia since April
