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

An worker shops newly casted ingots of 99.99 % pure gold after weighing on the Krastsvetmet non-ferrous metals plant, one of many world’s largest producers within the treasured metals trade, within the Siberian metropolis of Krasnoyarsk, Russia November 22, 2018. REUTERS/Ilya Naymushin

KRUEN, Germany, June 26 (Reuters) – The Group of Seven wealthy democracies will announce a ban on imports of Russian gold on Tuesday, as a part of ongoing efforts to carry Russia accountable for its battle in Ukraine and block makes an attempt to evade Western sanctions, a senior U.S. administration official mentioned on Sunday.

Britain and the USA would announce the transfer on Sunday, adopted by an official announcement on Tuesday, the official mentioned.

“The president and different G7 leaders will proceed to work to carry (Russian President Vladimir) Putin accountable. In the present day the U.S. and the U.Okay. are saying that G7 leaders will ban imports of Russian gold. The official announcement will come on Tuesday,” the official mentioned.

Reporting by Sarah Marsh and Andrea Shalal

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