G7 to announce ban on import of new Russian gold on Tuesday - U.S. official

FILE PHOTO: An employee stores newly casted ingots of 99.99 percent pure gold after weighing at the Krastsvetmet non-ferrous metals plant, one of the world's largest producers in the precious metals industry, in the Siberian city of Krasnoyarsk, Russia November 22, 2018. REUTERS/Ilya Naymushin

The Group of Seven rich democracies will announce a ban on imports of Russian gold on Tuesday, as part of ongoing efforts to hold Russia accountable for its war in Ukraine and block attempts to evade Western sanctions, a senior U.S. administration official said on Sunday.

Britain and the United States would announce the move on Sunday, followed by an official announcement on Tuesday, the official said.