Русский
Russia boosted gold imports to Hong Kong 42% year-on-year to 92.1 tonnes and double in value to HK$82 billion (US$10.5 billion) in 2025, according to data from the Bureau of Statistics of the Hong Kong Special Administrative Region of China.
Chinese customs data indicate that gold imports from Russia to mainland China jumped 15-fold to US$3.3 billion in 2025, with most of the shipments occurring in Q4. Payment difficulties created by Western sanctions have made it complicated to settle financial transactions via inter-bank payments, with Chinese banks highly risk-adverse to any payments that could incur secondary sanctions. As an alternative, some Russian importers of Chinese products are settling payments in gold. Thus far, this has proved a lucrative deal for the Chinese, with the value of gold rising from US$4,218 per ounce at the end of November last year to US$5,276 today.
