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Biden confirms G7 to impose ban on Russian gold imports

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U.S. President Joe Biden said on June 26 that the G7 countries will ban imports of Russian gold, which is “a major export that rakes in tens of billions of dollars for Russia.” Gold is a crucial asset for Russia's central bank, which has restricted access to some of its assets abroad because of the Western sanctions.

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The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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Hungarian Prime Minister Viktor Orban called upon the EU to take action against Ukraine's conscription practices in an interview with Origo published on July 15, amid an ongoing dispute with Kyiv over the death of a Ukrainian conscript of Hungarian ethnicity.

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