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  • Sunday, 02 October 2022
BIDEN CONFIRMS IMMINENT IMPORT BAN ON RUSSIAN GOLD

BIDEN CONFIRMS IMMINENT IMPORT BAN ON RUSSIAN GOLD

United States President, Joe Biden, has confirmed that the leaders of the G-7 nations will soon announce a ban on Russian gold imports in view of Russia’s unprovoked invasion of Ukraine.

 

This imminent ban was made known by Biden via his verified Twitter account on Sunday morning.

 

He tweeted, “The United States has imposed unprecedented costs on Putin to deny him the revenue he needs to fund his war against Ukraine.

 

“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.”

 

The move would add to a series of disciplinary penalties imposed by the West on Russia since its attack on Ukraine started on February 24, 2022.

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