Washington applies the sanctions announced at the G7 against Russian gold

Washington implements sanctions announced at G7 against Russian gold


The United States on Tuesday implemented the sanctions against Moscow decided at the G7 summit, including a ban on gold imports from Russia and new sanctions against its defense industry, said announced the Treasury on Tuesday.

“The actions taken today (…) strike at the heart of Russia's capabilities to develop and deploy weapons and technologies used in the war of Vladimir Putin's brutal aggression against Ukraine,” the Treasury said in a statement.

The sanctions imposed target 70 Russian entities, including the military-industrial conglomerate Rostec, described by Washington as “the cornerstone of the Russian defense and technology industry.

“Targeting the Russian defense industry will degrade Putin's capabilities and further hamper his war against Ukraine, already plagued by weakened morale , broken supply chains, and logistical failures,” assures Treasury Secretary Janet Yellen in the same press release.

On Sunday, on the first day of exchanges at their summit in Germany, the leaders of the G7 had announced an embargo on newly mined gold in Russia.