Russian Palladium Flows to Switzerland Jump on Sanction Concerns
By GCRU Gold News on Wednesday, May 28 2014, 08:40 - Permalink
Russia’s palladium exports to Switzerland climbed to an 11-month high in April, a month after the biggest supplier of the metal annexed Crimea in a standoff that sparked warnings of tougher sanctions from western nations.
Switzerland imported 2,158 kilograms (2.2 metric tons) of palladium from Russia in April, the most since May 2013, data sent today by the Swiss Federal Customs Administration show. That compares with 201 kilograms in March.