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Reuters
Reuters
Politics

France backs Russian gold ban, wants G7 oil, gas price shield

G7 Gold France Russia Oil European Union
FILE PHOTO: An employee processes ingots of 99.99 percent pure gold at a non-ferrous metals plant in the Siberian city of Krasnoyarsk, Russia March 10, 2022. REUTERS/Alexander Manzyuk

France backs banning Russian gold exports and the proposal now needs to be discussed among the European Union's 27 members, a French presidency official said on Sunday.

The official said Paris was not opposed to a cap on Russian oil prices, but wanted the G7 to discuss a price shield that would cap oil and gas prices to rein in inflation.

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