China sets a record for purchases of Russian gold

Владислав Вислоцкий Economy
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November became a landmark month for Chinese gold purchases, as the import volume from Russia reached a record $961 million. This event marked the largest transaction in the history of bilateral trade in this sector, according to data from the Chinese customs service.

In the first 11 months of 2025, the total volume of Russian gold imported into China reached an impressive $1.9 billion, nearly nine times higher than the same figures from the previous year.

According to experts, Beijing is actively increasing its physical gold reserves in the context of sanctions, currency fragmentation, and declining trust in assets controlled by the West. This also contributes to strengthening financial and economic relations with Moscow.
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