Buying and exporting platinum from Russia can offer attractive margins for traders and manufacturers, but it also involves strict compliance, complex logistics, and evolving regulations. Working with an experienced partner like Wigmore Trading can help you manage risk while accessing reliable platinum supply.

Why Source Platinum from Russia?

Russia is one of the world’s major producers of platinum group metals (PGMs), with significant reserves and established mining operations. For buyers in industries such as automotive, jewellery, industrial manufacturing and investment, Russian-origin platinum can be an important part of a diversified sourcing strategy.

Key reasons traders and manufacturers look to buy and export platinum from Russia include:

• Access to large, established producers and refineries

• Competitive pricing versus some alternative origins

• Potential for long-term offtake or supply contracts

However, any decision to source from Russia must take international sanctions, banking restrictions, and trade rules into account. This is where specialist support becomes essential.

Wigmore Trading can help you understand the commercial opportunities while remaining compliant with all applicable laws and regulations in your jurisdiction.

Sanctions, Compliance and Risk Management

Trade with Russia is subject to extensive sanctions and regulatory controls that vary by country and over time. These can affect:

• Which Russian entities you may legally trade with

• Which banks can process payments

• How shipments are insured, routed and documented

Before you buy and export platinum from Russia, you must:

1. Check current sanctions lists relevant to your country of registration and your customers.

2. Ensure that all counterparties (suppliers, intermediaries, transporters, insurers) are screened.

3. Confirm that your planned payment channels and shipping routes are allowed.

Wigmore Trading works with vetted partners and uses robust due diligence to reduce exposure to sanctions risk and regulatory breaches. While we do not provide legal advice, we can help you design trade flows that fit within your compliance framework and recommend when specialised legal counsel is needed.

Choosing the Right Platinum Supplier in Russia

Selecting a reliable Russian supplier is critical to protect quality, pricing and delivery schedules. Important factors to evaluate include:

• Reputation and track record – years in operation, export experience, existing international clients.

• Product specifications – fineness (often 99.95%+), bar or sponge form, packaging, and assay certificates.

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• Volume capacity – ability to meet your monthly or annual demand consistently.

• Certifications – adherence to industry standards, ESG policies, and responsible sourcing practices where available.

Wigmore Trading maintains relationships with established producers and export-ready traders in Russia. We can support you in supplier selection, price negotiations and contract structuring, ensuring that agreed specifications and delivery terms match your operational needs.

Structuring the Deal: Pricing, Contracts and Payment

Platinum transactions are often priced against international benchmarks such as recognised market quotations, with a premium or discount based on:

• Product form and purity

• Lot size and frequency

• Credit terms

• Logistics responsibilities (Incoterms)

To buy and export platinum from Russia efficiently, you should:

• Use clear Incoterms (e.g., FOB, CIF, DAP) to define responsibilities and risk transfer.

• Specify assays, quantity tolerances and acceptable variance.

• Include detailed clauses for delivery windows, force majeure and dispute resolution.

• Carefully define payment terms, including acceptable currencies and banking channels.

Wigmore Trading can help structure commercial terms that align with your risk appetite and working capital cycle. We are experienced in handling complex cross-border payments and can coordinate with international banks and payment providers that remain active for compliant Russia-related trade.

Logistics: Moving Platinum Safely and Securely

Exporting platinum from Russia requires specialised logistics and secure handling. Key logistics considerations include:

• Secure transport – armoured or secure carriers for movement between refinery, warehouse and airport.

• Export documentation – export licences where applicable, customs declarations, invoices, packing lists and certificates of origin.

• Insurance – comprehensive cargo insurance tailored for high-value metals.

• Route planning – selecting airports, ports and transit hubs that are operational and compliant with current restrictions.

Wigmore Trading coordinates with reputable logistics providers specialising in precious metals. We can assist with:

• Selecting the most reliable routes and carriers

• Preparing and checking documentation

• Coordinating customs clearance and handover procedures at destination

This helps reduce delays, unexpected costs and compliance issues at borders.

Who Benefits from Buying Platinum from Russia?

Sourcing Russian platinum can be particularly relevant for:

• Precious metal traders and bullion dealers seeking diversified supply

• Industrial users (e.g., catalysts, electronics, glass manufacturing) needing long-term feedstock

• Jewellery manufacturers and wholesalers requiring consistent quality at competitive prices

• Investment product issuers (coins, bars) needing regular inflows of refined metal

If you operate in import/export, wholesale distribution, or manufacturing and are exploring new supply lines, Russia may offer opportunities—provided you work within a robust compliance and logistics framework. Wigmore Trading can help you assess feasibility and design a practical sourcing strategy tailored to your business model and target markets.

How Wigmore Trading Supports Your Platinum Sourcing

When you choose to buy and export platinum from Russia with Wigmore Trading, you gain a partner able to support you at every stage of the trade flow:

• Identifying compliant, reliable Russian suppliers

• Supporting price discovery and contract negotiation

• Coordinating secure logistics and insurance

• Assisting with documentation for export and import

• Helping you integrate Russian-origin platinum into wider regional or pan-African distribution strategies

Whether you are running a metals trading desk, supplying industrial clients, or managing an FMCG or wholesale portfolio that includes precious metals, Wigmore Trading can help you streamline the process and reduce operational risk.

Get in touch with our team to discuss your specific requirements and explore how we can help you safely and efficiently buy and export platinum from Russia.