G7 announces ban on import of Russian gold amid war with Ukraine | Mint - Mint

Worth 12.6 billion pounds ($15.5 billion) to the Russian economy in 2021, gold is also a refuge commodity in times of turmoil. Russian oligarchs are believed to have rushed to hide their assets from Western sanctions enforcers by converting to the precious me…

The United States said Sunday that the G7 group of nations will ban imports of Russian gold with the aim of tightening sanctions screws on Moscow and crippling its war effort in Ukraine. "Together, t… [+3002 chars]

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