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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

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"There will be no oil, (Indian Prime Minister Narendra Modi is) not buying his oil from Russia, it started — you know, you can't do it immediately, it’s a little bit of a process, but the process is going to be over with soon," U.S. President Donald Trump said.

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