Russia’s surging gold exports have for the first time exceeded exports of natural gas, data from the Federal Customs Service and the central bank (CBR) shows.
According to the statistics, in April and May, Russian mining companies sold 65.4 tons of gold abroad worth $3.55 billion.
Russian gas exports for the same period stood at $2.4 billion. According to the CBR’s preliminary assessment, in general, for the second quarter of 2020, exports of gas brought Russia $3.5 billion in revenue – less than that from gold exports in just two months.
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