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Russia, one of the world's largest producers of gold, is turning towards middlemen to sell its precious metal. This strategic move comes as a result of new US sanctions on Russia's state-controlled mining company, Rusal, which has made it difficult for the country to sell its gold on the international market. The US sanctions on Rusal have led to major disruptions in Russia's gold industry, which accounts for nearly five percent of the country's GDP. With the sanctions in place, many international buyers have been hesitant to purchase Russian gold, fearing possible legal consequences. To overcome this hurdle, Russia has now employed the services of middlemen to sell its gold. These middlemen are companies that purchase gold from Russia and then resell it to international buyers, thus reducing the chances of any legal tangles for both the buyer and the seller. This is not the first time Russia has turned to middlemen to sell its gold. In the past, the country has relied on banks and other financial institutions to sell its gold. However, the US sanctions have made such traditional methods of gold sales challenging, thus necessitating the need for middlemen. Russia's move to use middlemen to sell its gold is seen as a smart strategy that ensures the country can continue to generate revenue from its valuable resource, despite the imposition of sanctions. It also provides a secure and stable way to sell gold, without the fear of repercussions for international buyers. The use of middlemen also offers other advantages for Russia's gold industry. For instance, it helps the country to maintain its position as a key player in the global gold market, even with the ongoing sanctions. Additionally, it enables Russia to expand its customer base beyond traditional buyers, thus opening up new lucrative markets for its gold. In conclusion, Russia's decision to turn to middlemen to sell its gold is a strategic move that ensures the country can continue to generate revenue from its valuable resource despite the ongoing sanctions. It's an effective way to circumvent the challenges posed by sanctions and maintain Russia's position as one of the world's largest producers of gold. The move also offers other benefits for Russia's gold industry, such as expanding its customer base and securing stable and secure channels for selling its gold. https://inflationprotection.org/russia-identifies-intermediaries-for-its-gold/?feed_id=101641&_unique_id=6471b01d93bf9 #Inflation #Retirement #GoldIRA #Wealth #Investing #alternativeinvestment #bestgoldbackedira #businessplanningtips #convertingiratogold #diversifyinginvestment #financialplanningtips #goldinvestmentsira #goldira #goldcopreciousmetals #howtosaveforretirement #investmenttips #metalinvestmenttips #noblegoldinvestment #palladiuminvestmentira #platinuminvestmentira #retirementmoneytips #retirementplanningtips #safehaven #safehaveninvestment #safestinvestment #silverinvestmentira #wheretoinvestsafely #wheretoinvestment #GoldIRA #alternativeinvestment #bestgoldbackedira #businessplanningtips #convertingiratogold #diversifyinginvestment #financialplanningtips #goldinvestmentsira #goldira #goldcopreciousmetals #howtosaveforretirement #investmenttips #metalinvestmenttips #noblegoldinvestment #palladiuminvestmentira #platinuminvestmentira #retirementmoneytips #retirementplanningtips #safehaven #safehaveninvestment #safestinvestment #silverinvestmentira #wheretoinvestsafely #wheretoinvestment
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