Four countries ban imports of Russian gold

RUSSIA / FSU POLITICS - In Brief 26 Jun 2022 by Alex Teddy
On June 25 Japan, Canada, the USA and UK made the decision. The UK said the aim is to stop Russian oligarchs from buying gold to get around sanctions. London is the centre of the world's gold trade. Six Russian gold refineries were suspended by the London Bullion Market in March 2002.  Gold exports were worth USD 15.5 billion to Russia in 2021.  Ukraine is disappointed that other G7 countries have not joined the gold ban. The G7 is currently meeting in Germany. They are presumably discussing sanctions.

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