The European Union will ban Russian gold as part of its seventh sanctions package and seek to “close exit routes” for those bypassing its earlier restrictions, EU commissioner Maros Sefcovic said on Friday, according to the Associated Press.
The EU will look into “ways we could slap a sanction regime on gold, which is an important commodity for exports from Russia,” Sefcovic stated.
“As soon as we reach an agreement at the level of member states, we will publish it,” he said ahead of an informal meeting of EU affairs ministers.
The move follows a ban on Russian gold agreed by the leading Western economies at a G7 meeting at the end of June.
www.rt.com/business/559036-eu-new-anti-russia-sanctions/
h/t The Tribulation Series
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