US bans gold imports from Russia to hamper its economy
Treasury Department also announced sanctions on 70 Russian companies
By Shubhangi Mathur
Published - Jun 28, 2022, 05:48 PM ET
Last Updated - Mar 07, 2024, 11:00 AM EST
• Treasury Department also announced sanctions on 70 Russian companies
The US Treasury Department announced on Tuesday that the US and some of its G7 partners will prohibit imports of Russian gold.
Other than the US, ban on Russian gold, which is second largest export sector after energy, will be implemented by the United Kingdom, Canada and Japan.
Treasury Department also announced sanctions on 70 Russian companies critical to the country’s defense industrial and manufacturing base.
