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Reuters
Reuters
Politics
Daphne Psaledakis and Michelle Nichols

New U.S. sanctions target Russian gold imports, defense industry

FILE PHOTO: An employee displays a gold bar at a gold refining workshop of the plant of Uralelektromed Joint Stock Company (JSC), the enterprise of Ural Mining and Metallurgical company (UMMC) in the town of Verkhnyaya Pyshma, outside Yekaterinburg, October 17, 2014. REUTERS/Maxim Shemetov/File Photo

The United States on Tuesday imposed sanctions on more than 100 targets and banned new imports of Russian gold, acting on commitments made by the Group of Seven leaders this week to further punish Russia over its invasion of Ukraine.

The U.S. Treasury Department said it imposed sanctions on 70 entities, many of which it said are critical to Russia's defense industrial base, as well as 29 people in an effort to hinder Russia's ability to develop and deploy weapons and technology.

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