Page 20 - RusRPTOct23
P. 20
US recently admitted that it had doubled the import of Russian nuclear fuel and was at least five years away from ending its dependency.
The forthcoming sanctions package will also incorporate more measures to counter Russia's efforts to circumvent EU sanctions by conducting trade through third countries, including the UAE and Turkey.
According to reports, the new package of sanctions may be formally adopted in the first half of October or during the EU-US summit scheduled for the same month. The EU's determination to strengthen sanctions reflects its ongoing response to Russia's actions, particularly in light of the conflict in Ukraine.
2.10 UAE Russia’s biggest buyer of gold
The United Arab Emirates (UAE) has emerged as Russia’s biggest buyer of gold, filling the gap left by Western sanctions on traditional export routes, according to Russian customs records, Reuters reports on September 20.
The Russian records, covering almost a thousand gold shipments in the year following the start of the Ukraine conflict, highlight that the UAE has imported
20 RUSSIA Country Report October 2023 www.intellinews.com