EU considers Russian gold as new sanction target: Reuters
Since the beginning of the Moscow- Kyiv war, the EU has imposed six packages of sanctions on Russia and Belarus
Since the beginning of the Moscow- Kyiv war, the EU has imposed six packages of sanctions on Russia and Belarus
The European Union is considering imposing sanctions on Russian gold, a source familiar with the matter told Reuters.
According to the source, the European Commission is working on including Russian gold in a possible new package of penalties. So far, it is unclear if the EU would impose sanctions on Russian gold imports or metal delivery to Russia.
Gold is an important asset for the Russian Central Bank, which has experienced access limitations to some of its assets stored overseas due to Western sanctions.