US President Joe Biden and his counterparts from other G-7 countries will agree to impose a ban on gold imports from Russia, extending sanctions imposed on Moscow over its war against Ukraine, a source told Reuters today. BTA.
The United States has rallied the world to inflict rapid and substantial economic damage on Russia in order to deprive President Vladimir Putin of the revenue he needs to wage war.
According to the source, the US Treasury Department will issue a decree on Tuesday banning the import of new gold into the United States, which will further isolate Russia from the global economy, preventing its participation in the gold market.
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