LBMA suspends Russian precious metals refinery from good delivery lists

LONDON, May 15 (Reuters) - The London Bullion MarketAssociation said on Tuesday it had suspended the EkaterinburgNon-Ferrous Metals Processing Plant from its gold and silvergood delivery lists due to "ownership related issues".

The refinery in Russia is controlled by Moscow-basedconglomerate Renova Group, which along with its key shareholder,billionaire Viktor Vekselberg, was sanctioned by the UnitedStates on April 6. The LBMA said in a notice the refinery would be removed fromits active good delivery lists from May 14.

The good delivery lists contain refineries whose gold andsilver bars meet the required standard for acceptability in theLondon bullion market, the world's largest.
(Reporting by Peter Hobson; editing by Jason Neely)

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