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externalBiden confirms G7 to impose ban on Russian gold imports

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June 26, 2022 10:40 amby The Kyiv Independent news desk

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
Author:  The Kyiv Independent news desk
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