The U.S. and Europe announced they are restricting the Russian Central Bank’s use of gold in transactions.
Previously, sanctions against Russian elites, the country’s Central Bank and President Vladimir Putin did not impact Russia’s gold stockpile, which Putin has been accumulating for several years. Russia holds roughly $130 billion in gold reserves, and the Bank of Russia announced Feb. 28 that it would resume the purchase of gold on the domestic precious metals market.
Meanwhile, the Biden administration announced more sanctions targeting 48 state-owned defense companies, 328 members of the Duma, Russia’s lower parliament, and dozens of Russian elites. The Duma as an entity was also named in the new sanctions.
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.
Biden heads to Europe as Russian offensive stalledU.S. President Joe Biden flies to Europe on Wednesday for an emergency NATO summit on Ukraine, where invading Russian troops are stalled, cities are under bombardment and the besieged port of Mariupol is in flames.
Read more »
Europe has a moral obligation to boycott Russian energyOPINION: Cutting off Russia’s war machine could save lives now, while quickly weaning itself off fossil fuels would save lives later.
Read more »
Biden lands in Europe in middle of dispute over Russian energy sanctionsU.S. President Joe Biden landed in Brussels on Wednesday in the middle of a dispute with European allies over whether to impose further energy sanctions on Russia over its invasion of Ukraine.
Read more »
Biden Press Secretary Has COVID, Won't Travel to EuropeWhite House press secretary Jen Psaki said Tuesday that she has tested positive again for COVID-19 and will not accompany President Joe Biden to Europe for meetings on Russia’s invasion of Ukraine
Read more »
Biden press secretary has COVID-19, won’t travel to EuropeWASHINGTON (AP) — White House press secretary Jen Psaki said Tuesday that she is positive again for COVID-19 and will not accompany President Joe Biden to Europe this week for urgent meetings…
Read more »