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G7 countries announcing Russia’s gold import ban

Russian President Vladimir Putin arrived at a joint news conference with Turkmenistan President Serdar Berdimuhamedov on June 10, 2022 in Moscow, Russia.

Maxim Shemetov | Reuters

US President Joe Biden confirmed on Sunday morning that G7 leaders have announced a ban on Russian gold imports due to a provocative invasion of Moscow into Ukraine.

When the leaders met in Munich, Germany, Biden went to Twitter for confirmation for the latest G7 summit. Previous report of the imminent ban.

“The United States has imposed an unprecedented cost on Putin to deny him the income needed to fund the war with Ukraine,” he said earlier on Sunday.

“Together, the G7 announces a ban on Russia’s gold imports, which is a major export that earns tens of billions of dollars for Russia.”

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G7 countries announcing Russia’s gold import ban

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