https://sputnikglobe.com/20220626/eu-ready-to-consider-banning-russian-gold-imports-council-president-says-1096676127.html
EU Ready to Consider Banning Russian Gold Imports, Council President Says
EU Ready to Consider Banning Russian Gold Imports, Council President Says
Sputnik International
MOSCOW (Sputnik) - The European Union is ready to consider the possibility of imposing a ban on gold imports from Russia, provided it would not backfire... 26.06.2022, Sputnik International
2022-06-26T13:24+0000
2022-06-26T13:24+0000
2023-04-12T17:14+0000
gold
russia
sanctions
european union (eu)
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"On gold, we are ready to go more into the details and to look if it’s possible to target gold in a manner that would target Russian economy and not in a manner that would target ourselves," Michel said at a press conference at the G7 summit.Michel believes that the gold ban would deprive Moscow of revenue it needs to fund the military operation in Ukraine.British media reported earlier in the day, citing the UK government, that the United Kingdom, the United States, Canada and Japan would ban newly mined Russian gold. The sanctions will not affect Russian gold exported before the ban takes effect.US President Joe Biden confirmed shortly later that the ban on Russian gold imports will be announced by G7 countries at the summit in Germany, taking place from Sunday to Tuesday.
https://sputnikglobe.com/20220626/joe-biden-g7-will-ban-gold-imports-from-russia-over-ukraine-op-1096666657.html
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gold, sanctions, european union (eu)
gold, sanctions, european union (eu)
EU Ready to Consider Banning Russian Gold Imports, Council President Says
13:24 GMT 26.06.2022 (Updated: 17:14 GMT 12.04.2023) MOSCOW (Sputnik) - The European Union is ready to consider the possibility of imposing a ban on gold imports from Russia, provided it would not backfire, European Council President Charles Michel said on Sunday.
"On gold, we are ready to go more into the details and to look if it’s possible to target gold in a manner that would target Russian economy and not in a manner that would target ourselves," Michel said at a press conference at the G7 summit.
Michel believes that the gold ban would deprive Moscow of revenue it needs to fund the military operation in Ukraine.
British media reported earlier in the day, citing the UK government, that the United Kingdom, the United States, Canada and Japan would ban newly mined Russian gold. The sanctions will not affect Russian gold exported before the ban takes effect.
US President Joe Biden confirmed shortly later that the ban on Russian gold imports will be announced by G7 countries at the summit in Germany, taking place from Sunday to Tuesday.
