Russian gold floods through Hong Kong in wake of western sanctions
- Posted on September 6, 2026
- By Financial Times
- 7 Views
- 1 min read
In brief
Western sanctions against Russia have redirected precious metal flows through alternative channels, with Hong Kong emerging as a major redistribution hub. Recent data reveals unprecedented volumes of Russian gold entering the Asian financial center, reaching nearly 100 tonnes during the initial seven months of the current year. This surge reflects strategic trade rerouting as international restrictions prompt Moscow to capitalize on established commercial networks in Asia-Pacific regions, fundamentally reshaping global precious metals supply chains.
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Russian gold floods through Hong Kong in wake of western sanctions
Shipments hit record high with almost 100 tonnes imported from Russia in first seven months of this year
