Article author:
Reuters
Washington — US President Joe Byden and his G7 counterpart agree to ban new gold imports from Russia to increase sanctions against Moscow in the war with Ukraine, sources familiar with the matter. Told Reuters on Saturday.
The United States has rallyed the world by imposing swift and large financial costs on Russia to deny President Vladimir Putin's income needed to fund the war. ..
Sources say the US Treasury will announce a decision on Tuesday to ban the import of new gold into the United States. This will further isolate Russia from the global economy by blocking its participation in the gold market. (Report by Steve Holland, written by Lucia Mutikani, edited by Chizu Nomiyama)
