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Reuters
Reuters
Business
Francesco Guarascio

EU leaders to keep sanction pressure on Russia, gold flagged as new target

FILE PHOTO: Marked ingots of 99.99 percent pure gold are placed in a cart at the Krastsvetmet non-ferrous metals plant in the Siberian city of Krasnoyarsk, Russia March 10, 2022. REUTERS/Alexander Manzyuk

European Union leaders aim to maintain pressure on Russia at their summit this week by committing to further work on sanctions, a draft document showed, with gold among assets that may be targeted in a possible next round of measures.

The EU has adopted six packages of sanctions against Russia and Belarus since the start of Moscow's invasion of Ukraine on Feb. 24, but several sectors including gas remain largely untouched as EU governments avoid measures that could damage their own economies more than Russia's.

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