Following Western sanctions against Moscow; the three countries of UAE, Türkiye and China have become new destinations for Russian gold exports.

Iran PressEurope: The Russian customs report shows that the United Arab Emirates, China and Türkiye accounted for a total of 99.8% of Russian gold exports and were able to take the empty place of European and Western customers of Moscow's gold.

The records, which contain details of nearly a thousand gold shipments between Feb. 24, 2022 and March 3 this year, reveal the names of over 100 non-Russian companies that have handled Russian gold since Western markets banned imports from Moscow.

The London Bullion Market Association banned Russian bars made from March 7, 2022, and by the end of August, Britain, the European Union, Switzerland, the United States, Canada and Japan had all banned imports of Russian bullion.