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Al Jazeera
Al Jazeera
Business
Saptarshi Ray

What’s happening to Russian gold?

Asian countries may continue to buy Russian gold [File: Andrey Rudakov/Bloomberg]

Some of the world’s leading economic nations, including the United States and some members of the European Union and Group of Seven (G7), are working out the details of a ban on gold exports from Russia, with the plan expected to be formally approved as soon as this week.

The proposal was first mooted at the G7 summit in Bavaria last month but the fine print is being finalised by the US, United Kingdom, Canada and Japan, before the group votes on a ban on imports of Russian gold.

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