Realist: news and analytics

Русский/English/العربية

  • News
  • Russia
  • Caucasus
  • Opinion
  • Interviews
  • Experts
No Result
View All Result
Realist: news and analytics
  • News
  • Russia
  • Caucasus
  • Opinion
  • Interviews
  • Experts
No Result
View All Result
Realist: news and analytics

US has imposed ban on import of Russian gold

The importation of Russian-produced gold into the United States is now prohibited, except on permits issued by the Office of Foreign Assets Control or in cases provided for by law.

   
June 29, 2022, 05:27
Business & Energy
Image: Global Look Press

Image: Global Look Press

WASHINGTON (Realist English). The US Treasury Department has imposed an embargo on gold imports from Russia, as well as new sanctions against organizations and individuals, the press service of the department reports.

From the moment the decision is made, it is immediately prohibited to import Russian-produced gold into the United States, except on permits issued by the Office of Foreign Assets Control or in cases provided for by law.

The United Kingdom, Canada and Japan joined the embargo of Russian gold. Discussions are also underway in the European Union about sanctions against Russia in the gold trade, but no decisions have been made yet. From Europe, the G7 includes Germany, France and Italy.

The expansion of sanctions is the latest move by the United States and some of its G7 partners aimed at the Russian economy and President Vladimir Putin.

Gold is the largest export commodity of the Russian Federation with the exception of energy carriers. In 2021, Russia exported over 302 tons of gold worth $17.4 billion.

The ban on the import of gold, which has entered into force, will apply to newly mined or refined gold. This does not affect the gold of Russian origin previously exported from Russia. There are no plans to expand restrictions on Russian gold acquired legally before the import ban was imposed.

On March 7, the London Bullion Market Association, which regulates the world’s largest and oldest gold and silver trading market, suspended the work of all six Russian gold miners and refineries.

SanctionsRussia’s EconomyRussiaUS Foreign PolicyUnited StatesEconomic WarfareGold Market
Previous Post

The Kiev regime spends $1.35 billion on military salaries every month

Next Post

NATO’s attempt to encroach on Crimea will turn into a Third World War — Medvedev

Related Posts

US dollar to maintain dominance over next decade
Business & Energy

US dollar to maintain dominance over next decade

29 June, 2023
Photo: bloomberg.com
Business & Energy

Inflation rose at a 4% annual rate in May

13 June, 2023
Image: AFP
Business & Energy

Iraq unveils transport project worth $17 billion

1 June, 2023
Image: RIA Novosti
Business & Energy

The EU refuses to include in the new package of sanctions a ban on the import of the pipeline gas from the Russian Federation

17 May, 2023
Saudi Aramco’s profit in the first quarter fell by 19%
Business & Energy

Saudi Aramco’s profit in the first quarter fell by 19%

11 May, 2023
Image: gasandmoney.ru
Business & Energy

An unknown Indian company supplies millions of barrels of Russian oil

6 May, 2023
Most Popular
Most Popular
Donald Trump and Ron Desantis. Image: mediaproxy.salon.com

DeSantis is betting on the polarization of American society

31 May, 2023

WASHINGTON (Realist English). Florida Governor Ron Desantis will find it extremely difficult to defend his position, competing with ex-President, The...

Aram Torosyan on cinema, culture and beauty of Armenia

Aram Torosyan on cinema, culture and beauty of Armenia

24 May, 2023

YEREVAN (Realist English). Aram Torosyan, Director of Academy Films, answered these and other questions of the Realist News Agency. What...

Eduard Polatov: The genocide of the Greeks in Turkey is one of the dark pages in the history of the Turkish people

Eduard Polatov: The genocide of the Greeks in Turkey is one of the dark pages in the history of the Turkish people

19 May, 2023

YEREVAN (Realist English). 32 years have passed since the Phoenix Greek Society of Armenia, renamed to the Patrida organization, appealed...

Barack Obama. Image: cnn.com

When a problem arises in the world, we always look at how Washington responds — Barack Obama

4 May, 2023

ZURICH (Realist English). Former US President Barack Obama spoke in Zurich on the evening of April 29. The former head...

Opinion

Victor Mnatsakanyan

Yerevan should be a people city

4 September, 2023

YEREVAN (Realist English). Time and events make us look at many things in a new way, have a new attitude...

Mikhail Mishustin and Xi Jinping. Photo: Maxim Stulov / Vedomosti

Results of Mishustin’s visit to China: the struggle for world leadership takes on more concrete features

30 May, 2023

BEIJING (English Realist). The visit of Russian Prime Minister Mikhail Mishustin to China has ended. This is one of the...

Eduard Polatov: The genocide of the Greeks in Turkey is one of the dark pages in the history of the Turkish people

Eduard Polatov: The genocide of the Greeks in Turkey is one of the dark pages in the history of the Turkish people

19 May, 2023

YEREVAN (Realist English). 32 years have passed since the Phoenix Greek Society of Armenia, renamed to the Patrida organization, appealed...

Kemal Kılıçdaroğlu and Recep Erdoğan. Image: dha.com.tr

Erdogan’s rule is under real threat

9 May, 2023

ANKARA (Realist English). There are less than 10 days left before the presidential elections in Turkey. There, for the first...

All rights reserved.

© 2017-2022

  • About Us
  • Mission and Values
  • Contact Us
  • Privacy Policy

Follow Realist English

No Result
View All Result
  • News
  • Russia
  • Caucasus
  • Opinion
  • Interviews
  • Experts

Русский/English/العربية