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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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Ukraine and Moldova have demonstrated strong progress and dedication, and we believe the EU should continue advancing their negotiations without unnecessary delays," Lithuania's EU representation told the Kyiv Independent.

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The Washington-based lender called Ukraine's performance "broadly satisfactory" in a press release announcing its approval, but emphasized that several conditions of the program were either completed with a delay or missed entirely.

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