News > Economy

All that glitters won't be sold: G-7 bans Russian gold

1 month ago   |   By Politico

The ban is the latest effort to undercut Russia's economy in response to the war in Ukraine.
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Biden: G-7 to ban Russian gold in response to Ukraine war

Biden: G-7 to ban Russian gold in response to Ukraine war

1 month ago   |   By KSBW

Senior Biden administration officials said gold is Moscow's second largest export after energy and that banning imports would make it more difficult for Russia to participate in global markets.
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Joe Biden says the West is banning imports of Russian gold to tighten the screws on Putin

1 month ago   |   By Business Insider

Joe Biden. Stefani Reynolds/Getty Images
Joe Biden said the G7 nations will announce a ban on the import of Russian gold.
The UK said it was banning the import of Russian gold, worth $15.5 billion a year to Moscow.
Gold has helped Russian oligarchs dodge Western sanctions, the UK Government said.
Joe Biden said the G7 nations would impose a ban on gold imports from Russia, choking off a key source of cash for Vladimir Putin and Russian oligarchs. The US President, who is attending a G7 summit in Germany this weekend, tweeted : "The United States has imposed unprecedented costs on Putin to...
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Biden: G-7 will ban Russian gold imports to deny Putin revenue for war in Ukraine

1 month ago   |   By The Washington Post

Biden, in Germany for the G-7 summit, said gold is “a major export that rakes in tens of billions of dollars for Russia.”
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