No 1 source of global mining news and opinion
Britain, the United States, Japan and Canada will ban new imports of Russian gold as part of efforts to tighten the sanctions squeeze on Moscow for its invasion of Ukraine, the British government said on Sunday.
The ban will come into force shortly and apply to newly mined or refined gold, the government statement said ahead of a meeting of Group of Seven leaders in Germany on Sunday.The move will not affect previously exported Russian-origin gold, it added. Russian gold exports were worth 12.6 billion pounds last year and wealthy Russians have recently been buying bullion to reduce the financial impact of Western sanctions, the government said.
“The measures we have announced today will directly hit Russian oligarchs and strike at the heart of Putin’s war machine,” Prime Minister Boris Johnson said in the statement.The latest initiative follows the London Bullion Market Association’s March suspension of accreditation for six Russian precious metals refiners.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Leaders of U.S., South Korea and Japan agree closer cooperation over North Korea threatThe leaders of the United States, South Korea and Japan on Wednesday expressed deep concern over North Korea's missile tests and said they would cooperate more closely to address the threat posed by Pyongyang.
Read more »
GM is training more first responders for EV emergencies in the US and Canada | EngadgetGM is training more first responders for EV emergencies in the US and Canada
Read more »
GBP/USD: Bears attack 1.2100 with eyes on yearly low, UK/US PMIGBP/USD returns to the bear’s radar, after a one-day absence, as Brexit, politics and economic pessimism weigh on the Cable pair during early Friday m
Read more »
GBP/USD Price Analysis: Bears attack 1.2100 with eyes on yearly low, key UK/US dataGBP/USD Price Analysis: Bears attack 1.2100 with eyes on yearly low, key UK/US data By anilpanchal7 GBPUSD Technical Analysis SwingTrading ChartPatterns SupportResistance
Read more »
UK car production up for first time in 11 months | AutocarUK car manufacturing rose for the first time in 11 months over June, new figures have revealed, but overall production is down by nearly a quarter compared to the same period last year
Read more »
Deborah James, UK cancer research campaigner, dies at 40Deborah James, a British broadcaster who raised millions for cancer research and was recognized by Prince William for her work, has died. She was 40.
Read more »