LBMA suspends Russian precious metals refinery from 'good delivery' lists
The London Bullion Market Association said it had suspended the Ekaterinburg Non-Ferrous Metals Processing Plant from its gold and silver good delivery lists due to “ownership related issues”.
The refinery in Russia is controlled by Moscow-based conglomerate Renova Group, which along with its key shareholder, billionaire Viktor Vekselberg, was sanctioned by the United States on April 6.
The LBMA said in a notice the refinery would be removed from its active good delivery lists from May 14...
Source: Reuters Report