Russia made more money from its gold exports than from its gas exports for the first time since 1994, according to data released by the central bank and the Federal Customs Service. The statistics are surprising for Russia, which traditionally has gas exports

as the leading export commodity on the income scale. Gazprom has a monopoly on pipeline gas sales in Russia.

Due to the economic uncertainty related to the coronavirus pandemic, gold prices reached fresh nine-year highs this week, trading above $1,800 an ounce.

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