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Gold

Kazakhstan to United Kingdom

Checked 2026-09-22

Public law and official guidance, published as research. Not legal, tax or financial advice.

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Kazakh refined gold (in practice National Bank of Kazakhstan reserve gold, re-melted to London Good Delivery) moving to London. The 2024 UK-Kazakhstan Strategic Partnership and Cooperation Agreement has no gold effect found; UK treatment is ordinary. Kazakhstan's export licence and act of state control for non-EAEU destinations are country-wide (kz module). The UK processed-gold ban is relevant because Kazakhstan borders Russia and Swiss authorities reportedly cannot rule out Russian gold remelted there. The UK recorded 65 t from Kazakhstan in 2024 while Kazakhstan reported no gold exports to the UK, and much of this gold moved on to Switzerland.

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  • Secondary 1
  • Unverified 1
  • Researcher's note 1

      Where practice departs from the law

      What credible sources show happening that the law does not provide for.

      • UK records 65 t from Kazakhstan (2024) while Kazakhstan reports no exports to the UK; central-bank reserve gold appears to be left out of Kazakhstan's reported merchandise trade.

        Figures: UK 64.9 t vs KZ 0 t (2024)

        Unverified

        Researcher's note: Inference by the pair researcher from the mirror figures; not stated by either statistics office.

      • Swiss officials reportedly said they cannot rule out Russian gold remelted in Kazakhstan or Uzbekistan being imported; experts cite sanctions-evasion risk.

        Secondary

      What we could not obtain

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