Russian gold floods through Hong Kong in wake of western sanctions - Financial Times

Subscribe to read

* Sign In
* Subscribe

Open side navigation menuOpen search bar

SubscribeSign In

Popular Searches

* What is the latest news on the UK economy?
* Western support for Ukraine
* How will AI be regulated?
* UK inflation vs the world
* How will the UK economy fare in 2026?

* Home
* World
Sections

+ World Home
+ Middle East war
+ Global Economy
+ UK
+ US
+ China
+ Africa
+ Asia Pacific
+ Emerging Markets
+ Europe
+ War in Ukraine
+ Americas
+ Middle East & North Africa
Most Read

+ Trump’s approval rating falls to lowest yet in FT poll
+ Russian gold floods through Hong Kong in wake of western sanctions
+ Iceland’s ‘no’ exposes EU complacency
+ The risky mission to de-mine the Strait of Hormuz
+ Trump envoys hold talks with Zelenskyy in Kyiv after meeting Putin in Moscow
* US
Sections

+ US Home
+ US Economy
+ US Companies
+ US Politics & Policy
Most Read

+ Trump’s approval rating falls to lowest yet in FT poll
+ The risky mission to de-mine the Strait of Hormuz
+ Trump envoys hold talks with Zelenskyy in Kyiv after meeting Putin in Moscow
+ The gloves are starting to come off in markets
+ Insurers pile on risk as payouts fall to lowest level in 20 years
* Companies
Sections

+ Companies Home
+ Energy
+ Financials
+ Health
+ Industrials
+ Media
+ Professional Services
+ Retail & Consumer
+ Tech Sector
+ Telecoms
+ Transport
Most Read

+ UBS demands new junior bankers show AI proficiency
+ LVMH sheds boom-time gains as luxury ‘feelgood factor’ fades
+ The repo market is the ‘dark matter’ of finance: powerful and perilous
+ Insurers pile on risk as payouts fall to lowest level in 20 years
+ Inside John Lewis’s secret turnaround plan
* Tech
Sections

+ Tech Home
+ Artificial intelligence
+ Semiconductors
+ Cyber Security
+ Social Media
Most Read

+ Will the ‘glassholes’ finally win?
+ John Ternus, Apple’s new ‘wicked calm’ CEO
+ US Republicans revolt against Flock AI surveillance as tech backlash intensifies
+ ‘Unfinished business’: Kalanick revisits robotaxis with new start-up
+ AI boom reverses the trend of ever-cheaper electronics
* Markets
Sections

+ Markets Home
+ Alphaville
+ Markets Data
+ Private markets
+ Equities
+ Bonds
+ Currencies
+ Commodities
+ Crypto
+ Monetary Policy Radar
+ Wealth Management
+ Moral Money
+ ETF Hub
+ Asset management
Most Read

+ Russian gold floods through Hong Kong in wake of western sanctions
+ The repo market is the ‘dark matter’ of finance: powerful and perilous
+ The gloves are starting to come off in markets
+ Treasury sell-off piles pressure on weakest US borrowers
+ US strikes three Iranian oil tankers in response to attacks on warships
* Climate
* Opinion
Sections

+ Opinion Home
+ Columnists
+ The FT View
+ The Big Read
+ Lex
+ Obituaries
+ Letters
Most Read

+ Iceland’s ‘no’ exposes EU complacency
+ The other side of the 1990s
+ The gloves are starting to come off in markets
+ What would Socrates have done with the new Dyson toothbrush?
+ This CEO is outrageous
* Lex
* Work & Careers
Sections

+ Work & Careers Home
+ Business School Rankings
+ Business Education
+ Europe's Start-Up Hubs
+ Entrepreneurship
+ Recruitment
+ Business Books
+ Business Travel
+ Working It
Most Read

+ This CEO is outrageous
+ Meet the office influencers
+ ‘Unfinished business’: Kalanick revisits robotaxis with new start-up
+ How the UK can stop accidentally exporting its best tech start-ups
+ The Gloria Steinem I knew
* Life & Arts
Sections

+ Life & Arts Home
+ Arts
+ Books
+ Food & Drink
+ FT Magazine
+ House & Home
+ Style
+ Puzzles
+ Travel
+ FT Globetrotter
Most Read

+ The repo market is the ‘dark matter’ of finance: powerful and perilous
+ The other side of the 1990s
+ What would Socrates have done with the new Dyson toothbrush?
+ Will the ‘glassholes’ finally win?
+ How nationalists, theocrats and tech titans turned their backs on the future
* How To Spend It

MenuSearch

* Home
* World
* US
* Companies
* Tech
* Markets
* Climate
* Opinion
* Lex
* Work & Careers
* Life & Arts
* How To Spend It

Financial Times

SubscribeSign In

Popular Searches

* What is the latest news on the UK economy?
* Western support for Ukraine
* How will AI be regulated?
* UK inflation vs the world
* How will the UK economy fare in 2026?

Russian gold floods through Hong Kong in wake of western sanctions

Subscribe to unlock this article

Try unlimited access

Only

$1

for 4 weeks

Then

$75

per month. Complete digital access to quality FT journalism on any device. Cancel anytime during your trial.

Keep reading for $1

* Global news & analysis
* Expert opinion
* FT App on Android & iOS
* First FT: the day’s biggest stories
* 20+ curated newsletters
* Follow topics & set alerts with myFT
* FT Videos & Podcasts
* 10 additional monthly gift articles to share
* Lex: FT’s flagship investment column
* 15+ Premium newsletters from leading experts
* FT Digital Edition: our digitised print edition

Explore more offers.

Standard Digital

$45

per month

Essential digital access to quality FT journalism on any device. Pay a year upfront and save 20%.

Select

* Global news & analysis
* Expert opinion
* FT App on Android & iOS
* FT Edit: Access on iOS and web
* FirstFT: the day's biggest stories
* 20+ curated newsletters
* Follow topics & set alerts with myFT
* FT Videos & Podcasts
* 10 monthly gift articles to share

Premium Digital

Complete coverage

$75

per month

Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%.

Select

* Global news & analysis
* Expert opinion
* FT App on Android & iOS
* FT Edit: Access on iOS and web
* FirstFT: the day's biggest stories
* 20+ curated newsletters
* Follow topics & set alerts with myFT
* FT Videos & Podcasts
* 20 monthly gift articles to share
* Lex: FT's flagship investment column
* 15+ Premium newsletters by leading experts
* FT Digital Edition: our digitised print edition

FT Digital Edition

$16.99

per month

Our digitised version of the FT newspaper, for easy reading on any device.

Select

* FT Digital Edition: our digitised print edition
* Global news & analysis
* Expert opinion
* Translate instantly to 26 languages
* Lex: FT's flagship investment column
* FT Magazines, including HTSI
* Offline Access

Check whether you already have free access via your university

or organisation.

Terms & Conditions apply

Explore our full range of subscriptions.

For individuals

Discover all the plans currently available in your country

DigitalPrintPrint + Digital

For multiple readers

Digital access for organisations. Includes exclusive features and content.

FT Professional

!Over one million readers pay to read the Financial TimesFind out why

Useful links

Support

Help CentreContact UsAbout UsAccessibilityCareersSuppliers

Legal & Privacy

Terms & ConditionsPrivacy PolicyCookie PolicyManage CookiesCopyrightSlavery Statement & Policies

Services

Share News Tips SecurelyIndividual SubscriptionsProfessional SubscriptionsRepublishingExecutive Job SearchAdvertise with the FTFollow the FT on XFT ChannelsFT Schools

Tools

PortfolioFT AppFT Digital EditionFT EditAlerts HubBusiness School RankingsSubscription ManagerNews feedNewslettersCurrency Converter

Community & Events

FT Live EventsFT ForumsFT Leaders Academy

More from the FT Group

Markets data delayed by at least 15 minutes. © THE FINANCIAL TIMES LTD 2026. FT (Financial Times) and ‘Financial Times’ are trademarks of The Financial Times Ltd.
The Financial Times and its journalism are subject to a self-regulation regi