Russian Good Delivery Bars Information (LBMA web page)

 Good Delivery # Russian Good Delivery Bars **Information** The LBMA Good Delivery Lists for Gold and Silver represent those refiners who meet the requirements and standards required by the London market. Many participants involved in the physical global market rely on these standards; it is imperative that any challenges to the credibility of gold and silver bars circulating in the market are addressed. A timeline of sanctions, with links to the relevant parties, can be found lower on this page. ### Guidance for all Market Participants LBMA holds the production details of Good Delivery Bars produced by the [six suspended Russian Refiners](https://www.lbma.org.uk/articles/good-delivery-list-update-gold-silver-russian-refiners-suspended), including current bar information and latest serial numbers. Further guidance on whether a bar is acceptable or not is available [here](https://cdn.lbma.org.uk/downloads/Is-this-an-acceptable-bar-20220907-002.pdf). The [Former Lists](https://www.lbma.org.uk/good-delivery/gold-former-list#-) on the LBMA website contains the details of the suspended Russian Refiners including the Brand Mark at date of transfer. All stocks of Russian bars that were already in the Loco London and Loco Swiss markets prior to 7 March 2022 remain Good Delivery. The clearing bank supplying bars will attest that any Russian bars included in a shipment conform. It should be noted that the unallocated account agreement specifies that the account provider is only permitted to give Good Delivery bars to fulfil its obligation to the account holder. The use of Cyrillic markings does not necessarily mean Russian origin. Refiners who use Cyrillic characters in the bar markings can be found on the [Current Lists](https://www.lbma.org.uk/good-delivery/gold-current-list#-) (i.e. regions such as Kazakhstan and Uzbekistan). N.B. All stocks from refiners on the Former List that were in the Loco London and Loco Swiss markets prior to the date of transfer remain Good Delivery. ### Timeline: **July 03, 2023**, [UK Government introduces licensing considerations that apply to the import of silver.](https://www.gov.uk/government/publications/notice-to-importers-2953-russia-import-sanctions/nti-2953-russia-import-sanctions#trade-sanctions-licences) **June 27, 2023,** US Department of the Treasury updated [OFAC's list](https://ofac.treasury.gov/specially-designated-nationals-and-blocked-persons-list-sdn-human-readable-lists) of Specially Designated Nationals and published Africa Gold Advisory. **August 4, 2022**, [Switzerland Sanctions](https://www.admin.ch/gov/en/start/documentation/media-releases/media-releases-federal-council.msg-id-89874.html) prohibits the importation, purchase and transportation (including any services related thereto) of Russian gold (irrespective of the production date) exported from Russia on or after 4 August 2022. **August 3, 2022,** Switzerland adopted the EU Sanctions imposed on 21 July 2022. **July 22, 2022,** [EU Sanctions](https://finance.ec.europa.eu/eu-and-world/sanctions-restrictive-measures/sanctions-adopted-following-russias-military-aggression-against-ukraine_en#faq) prohibits the direct or indirect purchase or transfer of gold that originates in Russia. **June 26, 2022,** [UK, Canada, US and Japan Sanction Russian Gold Exports](https://www.lbma.org.uk/articles/uk-canada-us-and-japan-sanction-russian-gold-exports). All new Gold originating from Russia is sanctioned by the USA, UK, Canada and Japan. **March 07, 2022,** [Gold & Silver Russian Refiners Suspended](https://www.lbma.org.uk/articles/good-delivery-list-update-gold-silver-russian-refiners-suspended). Bars produced from this date are no longer Good Delivery. [](https://www.lbma.org.uk/good-delivery/good-delivery-rules-and-governance) ### Good Delivery Rules and Governance Our rules set out every aspect of Good Delivery administration, including the specification standards for gold and silver bars traded in the Loco London Precious Metals Market.

Find out more [](https://www.lbma.org.uk/articles/good-delivery-list-update-gold-silver-russian-refiners-suspended) ### Good Delivery List Update: Gold & Silver Russian Refiners Suspended In light of UK/EU/US sanctions and to ensure an orderly market, LBMA has suspended six gold and silver refiners with immediate effect. Find out more ## Page shell (navigation, sharing links and footer as captured; not part of the document) ### Before the document text [Find out more Register for the Global Precious Metals Conference in Sorrento, Italy](https://www.lbma.org.uk/global-precious-metals-conference) - Global - [Global](/) - [中文網站](/cn/) - [Contact](https://www.lbma.org.uk/contact) - About ### About - [About LBMA](https://www.lbma.org.uk/about-us/about-the-lbma) - [Our Team](https://www.lbma.org.uk/about-us/our-team) - [LBMA Board](https://www.lbma.org.uk/about-us/lbma-board) - [Independent Decision-Making Committee](https://www.lbma.org.uk/about-us/independent-decision-making-committee) - [LBMA Sub-Committees](https://www.lbma.org.uk/about-us/lbma-sub-committees) - [Origins of the London Bullion Market](https://www.lbma.org.uk/market-standards/origins-of-the-london-bullion-market) - [History of Global Trade in Bullion](https://www.lbma.org.uk/market-standards/history-of-global-trade-in-bullion) - [Member login](https://portal.lbma.org.uk/) - Market Standards ## Market Standards As the independent authority for precious metals, we set standards that uphold trust in the global market. ### Market Overview - [About Loco London](https://www.lbma.org.uk/market-standards/about-loco-london) - [A Guide to the Loco London Precious Metals Market](https://www.lbma.org.uk/publications/the-otc-guide) - [Training and Education](https://www.lbma.org.uk/training-and-education) ### Our Standards - [Market Standards](https://www.lbma.org.uk/market-standards) - [Global Precious Metals Code](https://www.lbma.org.uk/market-standards/global-precious-metals-code) - [Good Delivery](https://www.lbma.org.uk/good-delivery) - [Responsible Sourcing](https://www.lbma.org.uk/responsible-sourcing) - [Incident Review Process](https://www.lbma.org.uk/market-standards/incident-review-process) ### Regulation Resources - [Financial Regulation](https://www.lbma.org.uk/regulation/financial-regulation) - [Due Diligence Regulation](https://www.lbma.org.uk/regulation/due-diligence-regulation) - [REACH](https://www.lbma.org.uk/regulation/reach) - [Review Process Case Studies](https://www.lbma.org.uk/review-process-case-studies) ### HQLA - [WGC and LBMA Launch Joint HQLA Website](https://www.lbma.org.uk/articles/wgc-and-lbma-launch-joint-hqla-website) - [Gold and HQLA: Correcting Misleading Online Information](https://www.lbma.org.uk/articles/gold-and-hqla-correcting-misleading-online-information) ### LBMA Precious Metals Market Report Read about the latest quarter in the precious metals market [Read now](https://www.lbma.org.uk/articles/lbma-precious-metals-market-report-q2-2026) - Membership ## Membership LBMA Membership demonstrates a commitment to uphold global standards within the precious metals market. ### Overview - [About Membership](https://www.lbma.org.uk/membership/about-membership) - [Current Members](https://www.lbma.org.uk/membership/current-membership) - [Rules for Members](https://www.lbma.org.uk/membership/rules-for-members) ### Become a Member - [How to Join](https://www.lbma.org.uk/membership/how-to-join) - [Membership Eligibility](https://www.lbma.org.uk/membership/how-to-join/membership-eligibility) - [Membership Benefits](https://www.lbma.org.uk/membership/membership-benefits) - [LBMA Subscriber](https://www.lbma.org.uk/membership/lbma-subscriber) - [Membership FAQs](https://www.lbma.org.uk/membership/faqs)

### Already a Member? Login to stay updated with LBMA Member news and events [Log in here](https://portal.www.lbma.org.uk) - Good Delivery ## Good Delivery The standard trusted around the world, Good Delivery guarantees metal quality in the market. LBMA owns and manages the Good Delivery Lists for both gold and silver. ### Overview - [About Good Delivery](https://www.lbma.org.uk/good-delivery/about-good-delivery) - [Good Delivery Rules and Governance](https://www.lbma.org.uk/good-delivery/good-delivery-rules-and-governance) - [Good Delivery FAQs](https://www.lbma.org.uk/good-delivery/faqs) ### Lists - [Good Delivery Current List Data](https://www.lbma.org.uk/good-delivery/gold-current-list) - [Good Delivery Former List Data](https://www.lbma.org.uk/good-delivery/gold-former-list) - [Russian Good Delivery Bars Information](https://www.lbma.org.uk/good-delivery/russian-good-delivery-bars-update) ### Application Process - [How to apply for Good Delivery accreditation](https://www.lbma.org.uk/good-delivery/how-to-apply-for-good-delivery-accreditation) ### Advancing Standards - [Proactive Monitoring](https://www.lbma.org.uk/good-delivery/proactive-monitoring) - [Proficiency Testing Scheme](https://www.lbma.org.uk/good-delivery/proficiency-testing-scheme) ### Resources - [Reference Materials](https://www.lbma.org.uk/good-delivery/reference-materials) - [Vault Operators Training](https://www.lbma.org.uk/good-delivery/vault-operators-training) - [Visual Guide](https://www.lbma.org.uk/good-delivery/visual-guide) - [Physical Market Guidelines](https://www.lbma.org.uk/good-delivery/physical-market-guidelines) - [Past Assaying and Refining Conferences](https://www.lbma.org.uk/a-and-r) - [Good Delivery Newsletters](https://www.lbma.org.uk/good-delivery-newsletters) ### GBI - [Gold Bar Security Features](https://www.lbma.org.uk/good-delivery/gold-bar-security-features) - [Gold Bar Integrity Ecosystem](https://www.lbma.org.uk/gold-bar-integrity-ecosystem) ### GDL Newsletter Read the latest newsletter from our Good Delivery team on Committee updates, refinery visits and more [Read now](https://www.lbma.org.uk/articles/gdl-newsletter-committee-updates-refinery-visits-and-more) - Responsible Sourcing ## Responsible Sourcing All LBMA Good Delivery List Refiners must adhere to our Responsible Sourcing Programme. With annual independent auditing and public reporting, the Programme builds global demand for responsible sourcing. ### Overview - [Responsible Sourcing](https://www.lbma.org.uk/responsible-sourcing) - [Approved Assurance Providers Overview](https://www.lbma.org.uk/responsible-sourcing/approved-assurance-providers-overview) - [Approved Assurance Providers](https://www.lbma.org.uk/responsible-sourcing/approved-service-providers) - [LBMA's ASM Initiative](https://www.lbma.org.uk/responsible-sourcing/lbmas-asm-initiative) ### Guidance & Tools - [Guidance Documents](https://www.lbma.org.uk/responsible-sourcing/guidance-documents) - [Refiners Toolkit](https://www.lbma.org.uk/responsible-sourcing/refiners-toolkit) ### Consultations - [Public Consultation: Responsible Gold Guidance Version 10](https://www.lbma.org.uk/responsible-sourcing/public-consultation-responsible-gold-guidance-version-10) - [Disclosure Guidance Version 3](https://www.lbma.org.uk/disclosure-guidance-version-3) ### Resources - [International Bullion Centre Recommendations](https://www.lbma.org.uk/responsible-sourcing/international-bullion-centre-recommendations) - [Introductory Training Module](https://www.lbma.org.uk/videos/responsible-sourcing-introductory-training-module) - [Responsible Sourcing FAQs](https://www.lbma.org.uk/responsible-sourcing/responsible-sourcing-faqs) ### Reporting - [Country of Origin Data](https://www.lbma.org.uk/country-of-origin-data) - [Sustainability and Responsible Sourcing Reports](https://www.lbma.org.uk/sustainability-and-responsible-sourcing-reports) - [Responsible Sourcing Newsletters](https://www.lbma.org.uk/responsible-sourcing-newsletters) - [Review Process Case Studies](https://www.lbma.org.uk/review-process-case-studies) - [LBMA Position on the North Mara Mine Claim](https://www.lbma.org.uk/lbma-position-on-the-north-mara-mine-claim)

### Supporting Pathways for Responsible ASM LBMA’s new report explores the progress made between 2022-2025 to help build the foundations for greater inclusion of responsibly sourced ASM gold in formal supply chains. [Read now](https://www.lbma.org.uk/articles/new-lbma-report-supporting-pathways-for-responsible-asm) ### Responsible Gold Guidance V10: Public Consultation RGG10 draws on implementation experience since the introduction of V9, developments in responsible sourcing practice, and LBMA’s commitment to continuous improvement. [Discover more](https://www.lbma.org.uk/articles/public-consultation-launch-responsible-gold-guidance-version-10) ### Responsible Sourcing Newsletter Summit discussions moved from dialogue to action, LBMA held its first in-person IBC roundtable, and a public consultation is launched on RGG10. [Read now](https://www.lbma.org.uk/articles/responsible-sourcing-newsletter-summit-takeaways-ibc-updates-and-rgg10-consultation) - Pricing & Data ## Pricing & Data View information about LBMA prices and data. ### Overview - [About LBMA Daily Auction Prices](https://www.lbma.org.uk/prices-and-data/about-lbma-daily-auction-prices) - [LBMA Gold Price](https://www.lbma.org.uk/prices-and-data/lbma-gold-price) - [LBMA Silver Price](https://www.lbma.org.uk/prices-and-data/lbma-silver-price) - [LBMA Platinum and Palladium Price](https://www.lbma.org.uk/prices-and-data/lbma-platinum-and-palladium-price) - [Clearing](https://www.lbma.org.uk/market-standards/clearing) - [Vaulting](https://www.lbma.org.uk/market-standards/vaulting) ### Data - [LBMA Precious Metal Prices](https://www.lbma.org.uk/prices-and-data/lbma-precious-metal-prices) - [LBMA Daily Trade Reporting Data](https://www.lbma.org.uk/prices-and-data/lbma-daily-trade-reporting-data) - [Clearing Data](https://www.lbma.org.uk/prices-and-data/clearing-data) - [London Vault Data](https://www.lbma.org.uk/prices-and-data/london-vault-data) - [Value Dates](https://www.lbma.org.uk/prices-and-data/value-dates) - [Country of Origin Data](https://www.lbma.org.uk/country-of-origin-data) ### Gold Price: LBMA Snapshot Survey of Professional Analysts Gold is forecast to price at around $4,500 at year-end according to the average of a survey of 16 professional analysts conducted by LBMA. [Find out more](https://www.lbma.org.uk/articles/gold-price-lbma-snapshot-survey-of-professional-analysts) ### LBMA Responds to PRA Consultation Paper: Modernising the Liquidity Policy Framework LBMA supports the PRA’s focus on liquidity usability, including monetisation speed, operational readiness and access to Bank of England liquidity. [Discover more](https://www.lbma.org.uk/articles/lbma-response-to-pra-consultation-paper-cp5-26-modernising-the-liquidity-policy-framework) - News ## News Read the latest news, publications and resources which outline our key initiatives. ### News and Resources - [Newsroom](https://www.lbma.org.uk/newsroom) - [Alchemist](https://www.lbma.org.uk/alchemist) - [Publications](https://www.lbma.org.uk/publications) - [LBMA Annual Precious Metals Forecast Survey](https://www.lbma.org.uk/prices-and-data/lbma-annual-precious-metals-forecast-survey) - [Centenary of the LBMA Gold Price](https://www.lbma.org.uk/centenary-of-the-lbma-gold-price) - [Wonders of Gold](https://www.lbma.org.uk/wondersofgold) - [Press Page](https://www.lbma.org.uk/press-page) ### Alchemist 122: In Gold We Trust? Our latest Alchemist explores how gold from e-waste is being recycled with new technology, examines some of the factors influencing the modern global economy, highlights governance updates within LBMA, and more. [Read now](https://www.lbma.org.uk/alchemist/issue-122) ### IBA to Administer LBMA Platinum and Palladium Price Benchmarks from 1 July 2026

A licence from IBA is required in order to obtain, use or redistribute real-time or historical LBMA Platinum and Palladium Price data from that date. [Find out more](https://www.lbma.org.uk/articles/iba-to-administer-lbma-platinum-and-palladium-price-benchmarks-from-1-july-2026) - Events ## Events Read the latest news, upcoming events and resources. ### Events and Webinars - [Upcoming Events](https://www.lbma.org.uk/upcoming-events) - [Past Events](https://www.lbma.org.uk/past-events) - [Webinar Series](https://www.lbma.org.uk/videos) - [Standards of Conduct at LBMA Events](https://www.lbma.org.uk/standards-of-conduct-at-lbma-events) ### Global Precious Metals Conference 2026 Join us in Sorrento where we will be delivering world class insight, networking and debate, while celebrating a landmark 25 years of this flagship event. [Register now](https://www.lbma.org.uk/global-precious-metals-conference) [Conference 2026](https://www.lbma.org.uk/global-precious-metals-conference) - Market Standards ## Market Standards As the independent authority for precious metals, we set standards that uphold trust in the global market. ### Market Overview - About Loco London - A Guide to the Loco London Precious Metals Market - Training and Education ### Our Standards - Market Standards - Global Precious Metals Code - Good Delivery - Responsible Sourcing - Incident Review Process ### Regulation Resources - Financial Regulation - Due Diligence Regulation - REACH - Review Process Case Studies ### HQLA - WGC and LBMA Launch Joint HQLA Website - Gold and HQLA: Correcting Misleading Online Information ### LBMA Precious Metals Market Report Read about the latest quarter in the precious metals market [Discover more](https://www.lbma.org.uk/articles/lbma-precious-metals-market-report-q2-2026) - Membership ## Membership LBMA Membership demonstrates a commitment to uphold global standards within the precious metals market. ### Overview - About Membership - Current Members - Rules for Members ### Become a Member - How to Join - Membership Eligibility - Membership Benefits - LBMA Subscriber - Membership FAQs ### Already a Member? Login to stay updated with LBMA Member news and events [Discover more](https://portal.www.lbma.org.uk) - Good Delivery ## Good Delivery The standard trusted around the world, Good Delivery guarantees metal quality in the market. LBMA owns and manages the Good Delivery Lists for both gold and silver. ### Overview - About Good Delivery - Good Delivery Rules and Governance - Good Delivery FAQs ### Lists - [Good Delivery Current List Data](https://www.lbma.org.uk/good-delivery/gold-current-list) - [Good Delivery Former List Data](https://www.lbma.org.uk/good-delivery/gold-former-list) - Russian Good Delivery Bars Information ### Application Process - How to apply for Good Delivery accreditation ### Advancing Standards - Proactive Monitoring - Proficiency Testing Scheme ### Resources - Reference Materials - Vault Operators Training - Visual Guide - Physical Market Guidelines - Past Assaying and Refining Conferences - Good Delivery Newsletters ### GBI - Gold Bar Security Features - Gold Bar Integrity Ecosystem ### GDL Newsletter Read the latest newsletter from our Good Delivery team on Committee updates, refinery visits and more [Discover more](https://www.lbma.org.uk/articles/gdl-newsletter-committee-updates-refinery-visits-and-more) - Responsible Sourcing ## Responsible Sourcing All LBMA Good Delivery List Refiners must adhere to our Responsible Sourcing Programme. With annual independent auditing and public reporting, the Programme builds global demand for responsible sourcing.

### Overview - Responsible Sourcing - Approved Assurance Providers Overview - Approved Assurance Providers - LBMA's ASM Initiative ### Guidance & Tools - Guidance Documents - Refiners Toolkit ### Consultations - Public Consultation: Responsible Gold Guidance Version 10 - Disclosure Guidance Version 3 ### Resources - International Bullion Centre Recommendations - Introductory Training Module - Responsible Sourcing FAQs ### Reporting - Country of Origin Data - Sustainability and Responsible Sourcing Reports - Responsible Sourcing Newsletters - Review Process Case Studies - LBMA Position on the North Mara Mine Claim ### Supporting Pathways for Responsible ASM LBMA’s new report explores the progress made between 2022-2025 to help build the foundations for greater inclusion of responsibly sourced ASM gold in formal supply chains. [Discover more](https://www.lbma.org.uk/articles/new-lbma-report-supporting-pathways-for-responsible-asm) ### Responsible Gold Guidance V10: Public Consultation RGG10 draws on implementation experience since the introduction of V9, developments in responsible sourcing practice, and LBMA’s commitment to continuous improvement. [Discover more](https://www.lbma.org.uk/articles/public-consultation-launch-responsible-gold-guidance-version-10) ### Responsible Sourcing Newsletter Summit discussions moved from dialogue to action, LBMA held its first in-person IBC roundtable, and a public consultation is launched on RGG10. [Discover more](https://www.lbma.org.uk/articles/responsible-sourcing-newsletter-summit-takeaways-ibc-updates-and-rgg10-consultation) - Pricing & Data ## Pricing & Data View information about LBMA prices and data. ### Overview - About LBMA Daily Auction Prices - LBMA Gold Price - LBMA Silver Price - LBMA Platinum and Palladium Price - Clearing - Vaulting ### Data - LBMA Precious Metal Prices - LBMA Daily Trade Reporting Data - Clearing Data - London Vault Data - Value Dates - Country of Origin Data ### Gold Price: LBMA Snapshot Survey of Professional Analysts Gold is forecast to price at around $4,500 at year-end according to the average of a survey of 16 professional analysts conducted by LBMA. [Discover more](https://www.lbma.org.uk/articles/gold-price-lbma-snapshot-survey-of-professional-analysts) ### LBMA Responds to PRA Consultation Paper: Modernising the Liquidity Policy Framework LBMA supports the PRA’s focus on liquidity usability, including monetisation speed, operational readiness and access to Bank of England liquidity. [Discover more](https://www.lbma.org.uk/articles/lbma-response-to-pra-consultation-paper-cp5-26-modernising-the-liquidity-policy-framework) - News ## News Read the latest news, publications and resources which outline our key initiatives. ### News and Resources - Newsroom - Alchemist - Publications - LBMA Annual Precious Metals Forecast Survey - Centenary of the LBMA Gold Price - Wonders of Gold - Press Page ### Alchemist 122: In Gold We Trust? Our latest Alchemist explores how gold from e-waste is being recycled with new technology, examines some of the factors influencing the modern global economy, highlights governance updates within LBMA, and more. [Discover more](https://www.lbma.org.uk/alchemist/issue-122) ### IBA to Administer LBMA Platinum and Palladium Price Benchmarks from 1 July 2026 A licence from IBA is required in order to obtain, use or redistribute real-time or historical LBMA Platinum and Palladium Price data from that date. [Discover more](https://www.lbma.org.uk/articles/iba-to-administer-lbma-platinum-and-palladium-price-benchmarks-from-1-july-2026) - Events ## Events

Read the latest news, upcoming events and resources. ### Events and Webinars - Upcoming Events - Past Events - Webinar Series - Standards of Conduct at LBMA Events ### Global Precious Metals Conference 2026 Join us in Sorrento where we will be delivering world class insight, networking and debate, while celebrating a landmark 25 years of this flagship event. [Discover more](https://www.lbma.org.uk/global-precious-metals-conference) - Global ## Global - Global - 中文網站 - [Contact](/contact) - - About ## About - About LBMA - Our Team - LBMA Board - Independent Decision-Making Committee - LBMA Sub-Committees - Origins of the London Bullion Market - History of Global Trade in Bullion - [Member login](https://portal.lbma.org.uk/) ### After the document text ### Stay updated Register to access the latest LBMA news and events through our email alerts [Register at MyLBMA](https://portal.lbma.org.uk/) ### LBMA - [our team](https://www.lbma.org.uk/about-us) - [Membership](https://www.lbma.org.uk/membership) - [Current Members](https://www.lbma.org.uk/membership/current-membership) - [Contact Us](https://www.lbma.org.uk/contact) - [Our Team](https://www.lbma.org.uk/about-us/our-team) - [Newsroom](https://www.lbma.org.uk/newsroom) - [MyLBMA](https://portal.www.lbma.org.uk/) ### Quicklinks - [Prices and Data](https://www.lbma.org.uk/prices-and-data) - [LBMA Daily Trade Reporting Data](https://www.lbma.org.uk/prices-and-data/lbma-daily-trade-reporting-data) - [Good Delivery](https://www.lbma.org.uk/good-delivery) - [Alchemist](https://www.lbma.org.uk/alchemist) - [Events](https://www.lbma.org.uk/events) - [Responsible Sourcing](https://www.lbma.org.uk/responsible-sourcing) - [A Guide to the Loco London Precious Metals Market](https://www.lbma.org.uk/publications/the-otc-guide) [中文網站](/cn)  **© 2026 LBMA** 7th Floor, 62 Threadneedle Street, London EC2R 8HP | [LBMA Privacy Notice](/lbma-privacy-notice)