“The precious metals market is global, it is quite large, voluminous and very diverse.

And as with all other goods, of course, if one market loses its attractiveness due to illegitimate decisions, then there is a reorientation to where these goods are more in demand and where there are more comfortable and more legitimate economic regimes,” Peskov said.

Earlier, US Secretary of State Anthony Blinken said that Russia's economic losses due to Western countries' refusal to import Russian gold are estimated at $19 billion a year.