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

Summary by Ground News

President Biden said Sunday that the United States and other Group of Seven economies will ban gold imports from Russia. The ban is due to come into force shortly and will apply to newly mined or refined gold. It will not affect Russian-origin gold that has been previously exported from Russia. The move is an effort to hit Moscow's ability to fund the war in Ukraine. Gold exports were worth £12.6bn ($15.4bn) to Russia in 2021. It comes as the G7 group of the world's richest nations meet in Germany.

2 months ago·Washington, United States

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Times of India

Joe Biden: G-7 to ban Russian gold in response to Ukraine war - Times of India

Europe News: President Joe Biden said Sunday that the United States and other Group of Seven leading economies will announce a ban on imports of gold from Russia,

2 months ago·Mumbai, India

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BBC News

Ukraine war: UK joins ban on imports of Russian gold

The move by the UK, US, Canada and Japan will "strike at the heart of Putin's war machine", the UK PM says.

2 months ago·United Kingdom

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Reuters

UK, U.S., Japan and Canada to ban Russia gold imports

Britain, the United States, Japan and Canada will ban new imports of Russian gold as part of efforts to tighten the sanctions squeeze on Moscow for its invasion of Ukraine, the British government said on Sunday.

2 months ago·United Kingdom

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CTV News

Biden urges Western unity on Ukraine amid war fatigue

U.S. President Joe Biden and western allies opened a three-day summit in the Bavarian Alps on Sunday intent on keeping economic fallout from the war in Ukraine from fracturing the global coalition working to punish Russia's aggression.

2 months ago·Toronto, Canada

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The Hindu

Joe Biden says G7 to ban Russian gold in response to Ukraine war

A formal announcement was expected on Tuesday as the G7 leaders meet for their annual summit

2 months ago·India

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The Independent

Biden, G-7 leaders huddle on energy, inflation, Ukraine war

President Joe Biden and his Group of Seven allies will huddle in the Bavarian Alps on Sunday to confer on strategies to secure energy supplies and tackle inflation

2 months ago·London, United Kingdom

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