Ukraine war: UK joins ban on imports of Russian gold

Key Facts

• Image source, Getty Images The UK, US, Canada and Japan will ban imports of Russian gold in an effort to hit Moscow's ability to fund the war in Ukraine.
• The UK PM said the move would "strike at the heart of Putin's war machine".
• Gold exports were worth £12.6bn ($15.4bn) to Russia in 2021, and the UK says their importance has increased since the invasion as oligarchs rush to buy bullion to avoid sanctions.
• "Together, the G7 will announce that we will ban the import of Russian gold, a major export that rakes in tens of billions of dollars for Russia," he said in a tweet.

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