G-7 to Ban Russian Gold Imports

“President Biden and his counterparts in the Group of Seven nations are announcing a ban on new imports of Russian gold in an attempt to further isolate the country from financial markets and punish Russian President Vladimir Putin for the invasion of Ukraine,” the Washington Post reports.

“The ban on gold imports, which could amount to a penalty of tens of billions of dollars, appeared to be the primary new economic sanction to be imposed on Russia out of the summit.”

CNN: What to watch from Biden’s trip to the G-7.