It is noted that this is more than 12 times higher than in 2018 and a third more than sales of Russian gold to all countries of the world for the period from 2017 to 2019.

In physical terms, Russia's gold exports to Britain grew 11 times - from 10.4 to 113.5 tons.

However, exports to the UK accounted for 93% of all Russian gold sales last year.

According to John Mulligan, director of the World Gold Council (WGC) for engaging with board members and markets, the record increase in gold exports to the UK can be attributed to fears about brexit, global gold demand trends and London’s traditional role as a center of gold trading and storage.

Experts also do not exclude that the indicator could be affected by trade wars between the United States and China.

Previously, the publication reported that the United States, Britain and Turkey in 2019 significantly increased imports of Russian crude oil.