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Asharq Al-Awsat

World

Asharq Al-Awsat

Biden: G7 to Ban Russian Gold in Response to Ukraine War

G7 Joe Biden Russia Gold Ukraine United Kingdom Group of Seven Vladimir Putin United States

US President Joe Biden signs the Golden Book of the Bavarian State government as he arrives for a G7 summit at Munich International Airport near Munich, Germany June 25, 2022. (Reuters)

President Joe Biden said Sunday that the United States and other Group of Seven leading economies will ban imports of gold from Russia, the latest in a series of sanctions that the club of democracies hopes will further isolate Russia economically over its invasion of Ukraine.

A formal announcement was expected Tuesday as the leaders meet for their annual summit.

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