US sanctions against RUSSIA not only affect the American economy, but also exacerbate the global economic crisis. This was stated by Russian Ambassador to the United States Anatoly Antonov, commenting on the new restrictions, including on Russian gold.
“The rupture of economic ties with Russia by the United States and its allies has aggravated the crisis phenomena in the global economy to the limit,” the diplomatic representative said on the TELEGRAM channel of the Russian Embassy in the United States.
G7 announced its intention to reduce Russia's income from the sale of gold Politics
According to Antonov, everywhere there is a decline in business activity, the destruction of transport and logistics chains, a slowdown in investment flows, problems in the labor market, and a drop in real incomes of business and the population.
On June 28, the United States imposed a ban on the import of gold of Russian origin into the country. At the same time, the introduced ban does not apply to the precious metal mined in the fields of Russia, which was exported outside of it before the announcement of the restrictions.
UK authorities have previously indicated that gold is one of Russia's main EXPORT commodities. So, last year alone, the country's federal budget income from it amounted to £12.6 billion (about $15.45 billion). London believes that the value of this precious metal for the Russian elite has grown in recent months due to demand from the "oligarchs" who are trying to avoid the financial consequences of international sanctions.