News > The U.S. and Britain will ban imports of gold from Russia

The U.S. and Britain will ban imports of gold from Russia

The United States and other Group of 7 countries will ban imports of gold from Russia, seeking to undercut a key source of revenue for Moscow as it wages war in Ukraine, President Biden said on Sunday as G7 leaders gathered in the Bavarian Alps.

“Together, the G7 will announce that we will ban the import of Russian gold, a major export that rakes in tens of billions of dollars for Russia,” Mr. Biden wrote on Twitter.