The United States has imposed unprecedented costs on Putin to deny him the revenue he needs to fund his war against Ukraine.
— President Biden (@POTUS) June 26, 2022
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.
CNBC: G-7 nations to announce import ban on Russian gold as Moscow sanctions widen
* As the leaders met in Munich, Germany, for the latest G-7 summit, U.S. President Joe Biden took to Twitter to confirm earlier reports of an imminent ban.
* “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.
The leaders of the G-7 nations will announce a ban on Russian gold imports for Moscow’s unprovoked invasion of Ukraine, U.S. President Joe Biden confirmed on Sunday morning.
As the leaders met in Munich, Germany, for the latest G-7 summit, Biden took to Twitter to confirm earlier reports of an imminent ban.
“The United States has imposed unprecedented costs on Putin to deny him the revenue he needs to fund his war against Ukraine,” he said early Sunday. “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.”
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WNU Editor: Russia will still be able to sell their gold, and at current global prices.
G7 To Ban Imports Of Russian Gold
All that glitters won’t be sold: G7 bans Russian gold -- Politico
Four G7 Powers Impose Gold Export Ban on Russia -- Msocow Times/AFP
Biden: G-7 to ban Russian gold in response to Ukraine war -- AP
Biden says G7 will ban Russian gold imports -- The Hill
G7 leaders to ban imports of Russian gold -- Axios Biden, G-7 Will Ban Russian Gold Imports -- Zero Hedge
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