Bloomberg learned about the work of the EU on sanctions against Russian gold

According to BLOOMBERG sources, the EU is working on new sanctions, including those aimed at Russian gold, in accordance with the actions of the G7 countries. Formerly usa, United Kingdom,Canada and Japan banned its import

The European Union is working on new sanctions that will affect Russian gold, sources told Bloomberg. According to them, the work is being carried out in accordance with the actions of the G7 countries. The interlocutors of the agency did not give other details of the measures that the EU is preparing.

The United States imposed a ban on the import of Russian gold Economics

This week, four G7 countries — the US, the UK, CANADA and Japan — banned the import of Russian gold. The sanctions do not apply to gold mined in RUSSIA, which was taken out of the country before June 28. US President Joe Biden explained the ban by saying that gold is a "major share of exports" that brings Russia "tens of billions of dollars", while the US and its allies want to cut the income of the Russian authorities.

The readiness to consider the possibility of introducing a similar ban was also announced in the European Union. As the President of the European Council Charles Michel explained, first the European authorities want to assess whether such a measure would harm the economy of the union itself.

In the Kremlin, even before the introduction of new sanctions by a number of countries participating in the G7, they said that "the market for precious metals is quite large." And if one market ceases to be attractive due to illegal decisions, there is a “reorientation to where these goods are more in demand and where there are more comfortable and more legal economic regimes,” said Dmitry Peskov, presidential spokesman.

Lavrov suspected the US of trying to weaken the EU with anti-Russian sanctions Politics

Russia  is one of the world's largest gold exporters. According to the Ministry of Finance, in 2021, Russian gold mining companies produced 346.4 tons of gold. Approximately 87% of this volume, or 302.2 tons, was exported, which brought in $17.4 billion, according to FCS statistics.

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