Whereby "friendly" countries are able to import discounted Russian gold and "unfriendly" nations pay the inflated difference caused by 10% less supply available. Very much like the crude oil situation. I can see Chinese and Indian gold consumers / investors benefiting from this policy. Don't see Russia gaining or losing financially here. "On the run" policy from Biden who exhibits more zealot traits as time goes by. What are they saying in Saudi Arabia....? Timely policy for them just prior to the inauguration of their own precious metals exchange and gold refining diversification strategy.
