China has record increased imports of Russian gold

According to hvylya.net: According to Trade Data Monitor, Russian precious metals are increasingly being sent to China. In the first half of this year, the export of gold and silver rose by 80% and amounted to 1 billion dollars. This was made possible by record metal prices, which are up 28% this year.

Most experts believe that such rapid growth is related not only to rising prices but also to stable demand in the markets, driven by geopolitical risks and instability. Additionally, Western sanctions have also forced Russia to seek new export markets, which has contributed to the increase in supplies to China.

During this time, Russian mining company 'Norilsk Nickel' also increased its exports of palladium and platinum to China due to rising prices for these metals by 38% and 59% respectively.

Overall, Russian precious metals are increasingly directed eastward, particularly to China, due to favorable market conditions and new geopolitical realities.