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I'm curious if anyone suspects which is the more likely justification for the forged paperwork --

-- is it most likely lower-quality or wrong-quality titanium being passed off in an effort to fraudulently save money?

-- or is it probably the real deal, but stolen from a warehouse somewhere and the certificate is fraudulent merely to conceal that it was stolen?



Could just be Russian titanium. They're the #3 producer and probably aren't selling much to the West, these days. Looks like some predates the war, though.


Oh that's interesting too -- yup a black market source is definitely another possibility. Something to avoid sanctions.




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