G-7 nations to announce import ban on Russian gold as Moscow sanctions widen

Key Facts

• The move would add to a series of punitive penalties imposed by the West on Russia since its onslaught of Ukraine began on Feb. 24.
• Maxim Shemetov | Reuters The leaders of the G-7 nations will announce a ban on Russian gold imports for Moscow’s unprovoked invasion of Ukraine, U.S.
• The move would add to a series of punitive penalties imposed by the West on Russia since its onslaught of Ukraine began on Feb. 24.
• TUESDAY ANNOUNCEMENT The U.K. government on Sunday also confirmed the move to ban Russian gold imports, saying it would apply to newly mined gold and refined gold — excluding gold that may have come from Russia but had already been exported.

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