Good Delivery List Update: Gold & Silver Russian Refiners Suspended

March 07, 2022 # Good Delivery List Update: Gold & Silver Russian Refiners Suspended - [](https://www.linkedin.com/shareArticle?mini=false&url=https://www.lbma.org.uk/articles/good-delivery-list-update-gold-silver-russian-refiners-suspended&title=Good%20Delivery%20List%20Update%3A%0A%0AGold%20%26amp%3B%20Silver%20Russian%20Refiners%20Suspended) Post - Copy link In light of UK/EU/US sanctions and to ensure an orderly market, LBMA has suspended the following gold and silver refiners with immediate effect: - JSC Krastsvetmet (gold and silver)  - JSC Novosibirsk Refinery (gold and silver)  - JSC Uralelectromed (gold and silver)  - Moscow Special Alloys Processing Plant (gold)   - Prioksky Plant of Non-Ferrous Metals (gold and silver)  - Shyolkovsky Factory of Secondary Precious Metals, SOE (gold and silver) These six refiners will no longer be accepted as Good Delivery by the London Bullion market until further notice. ** Existing Material Remains Good Delivery** Following a suspension or a transfer to the Former List, the bars that the Refiner produced while on the List will still be considered Good Delivery. Please see Section 1.4 of the [Good Delivery Rules](https://www.lbma.org.uk/publications/good-delivery-rules/background-and-high-level-principles) for full details. ** Background ** The London [Good Delivery List](https://www.lbma.org.uk/good-delivery/gold-current-list) of Acceptable Refiners of gold and silver is maintained by LBMA, by whom it is copyrighted.  It lists those refineries whose gold and silver bars have been found, when originally tested, to meet the required standard for acceptability in the London Bullion market. - [](https://www.linkedin.com/shareArticle?mini=false&url=https://www.lbma.org.uk/articles/good-delivery-list-update-gold-silver-russian-refiners-suspended&title=Good%20Delivery%20List%20Update%3A%0A%0AGold%20%26amp%3B%20Silver%20Russian%20Refiners%20Suspended) Post - Copy link ## 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)

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### 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/) - [](https://www.lbma.org.uk/newsroom) Front page - [](https://www.lbma.org.uk/articles) News & Insights - [](https://www.lbma.org.uk/videos) Webinar Series - [](https://www.lbma.org.uk/events) Events - [](https://www.lbma.org.uk/publications) Publications - [](https://www.lbma.org.uk/alchemist) Alchemist - [](https://www.lbma.org.uk/press-page) Press ### 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)

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