Foley & Lardner LLP partner Christopher Swift is quoted in The Telegraph article, “Where Russia is selling its gold – as the West turns the screws on Putin,” discussing the importance of gold to the Russian economy and how Russian gold’s origin is being made untraceable to avoid sanctions.
“Gold is essential to Russia,” Swift explained. “Russia has evolved into a barter-style economy where they are using products from their extractive industries such as oil, gas and metals mining, to pay for the purchase of weapons overseas as well as for consumer goods.”
Swift’s comments also appeared in Yahoo! Finance.