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Bloomberg: EU considers Russian gold ban in next sanctions package.

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The European Union may target Russian gold in a new sanctions package, Bloomberg reported, citing anonymous sources familiar with the matter. U.S. President Joe Biden earlier announced that the G7 countries would 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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Washington and Kyiv will invest $75 million each to kickstart the Ukraine reconstruction investment fund that gives the U.S. special access to mineral sites and other projects in Ukraine, the Economy Minister Oleksii Sobolev told journalists on Sept. 17.

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