G7 Targets Russian Gold In Latest Blow To Moscow

On Sunday the Biden admin alongside the G7 announced that they will ban Russian gold imports to "further impose financial costs on Moscow for its invasion of Ukraine." The import ban will apply to gold leaving Russia for G7 countries for the first time, and will be codified by the US Treasury Department on Tuesday. “The United States has imposed unprecedented costs on Putin to deny him the revenue he needs to fund his war against Ukraine,” Biden tweeted on Sunday, the first day of a G7 meeting in Germany; a formal announcement is expected…