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Some Russian Banks May Have Swapped Gold for Dollars, Report Says
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Some Russian Banks May Have Swapped Gold for Dollars, Report Says

Some Russian banks appear to have maneuvered around a ban on shipping dollars and euros to the country by trading gold in the United Arab Emirates and Turkey, according to research from a financial-intelligence company. The sanctions on export of banknotes were introduced after the Kremlin’s invasion of Ukraine. The report compiled by Sayari found...