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Ronan Manly: LBMA quietly expels its two Russian bank members
9:56a ET Tuesday, March 1, 2022
Dear Friend of GATA and Gold:
Bullion Star researcher Ronan Manly reports that the London Bullion Market Association has quietly expelled its two Russian bank members. Manly adds that Western economic sanctions against Russia may impair the tradability of "London good delivery" gold bars produced by Russian refiners and purchased long before sanctions were imposed.
Manly's report is headlined "LBMA a Deer in Headlights as Western Sanctions Show Up Russian Gold Refiners" and it's posted at Bullion Star here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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