Russia has dramatically increased the supply of gold to one country
Compared to 2021, the country has increased supplies by 67 percent. In monetary terms, gold imports to China from Russia increased by 63 percent, to $ 386.9 million.
Switzerland became the main exporter of the precious metal to China, which delivered $34.14 billion worth of gold to the country by the end of 2022. It is followed by Canada ($14.67 billion), South Africa ($8.85 billion), Australia ($8.3 billion). The top 5 suppliers also include the Hong Kong Special Administrative Region of the People's Republic of China, supplies from which are estimated at $ 3.1 billion.
At the same time, Russian coal supplies to China increased by 20 percent in 2022. However, according to the GTU, exports declined in the last month of the year and may continue to decline amid disruption of logistics chains and the refusal of a number of large buyers from Russian energy resources.