
AI-generated summary
After 2022, Russian gold trade changed due to sanctions, leading to the search for alternative export routes. Hong Kong has become an important hub for access to the global gold market.
Hong Kong imports record volumes of Russian-origin gold. CNBC reported this.
He cited data from Hong Kong's Census and Statistics Department, which was analyzed by investment firm BullionVault. As a result, it turned out that in the first seven months of 2026, 112.7 tons of such gold arrived in Hong Kong. These volumes have already exceeded the record 92.1 tons imported for all of 2025.
Such statistics, as experts noted, indicate a changed structure of Russian gold trade after 2022. From January to August 2026, Russian gold accounted for almost 15 percent of Hong Kong's non-monetary gold imports. In 2021 we are talking about only 0.6 percent.
“Hong Kong offers advantages not only in terms of circumventing sanctions. It provides direct access to the world’s largest gold consumption market,” said Vita Spivak, senior consultant at Gatehouse Advisory Partners, on this occasion.
AI outlook — possibilities, not facts
Russian gold imports to Hong Kong will continue to grow in the remaining months of 2026
Likely · Within months

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