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Showing posts with label London Bullion Market Association. Show all posts
Showing posts with label London Bullion Market Association. Show all posts

Thursday, June 30, 2022

The United States Of America And G-7 Ban Russian Gold

President Joseph R.Biden, along with the other members of the Group of Seven (G-7), has announced a collective ban on the import of Russian gold at the 48th annual G-7 summit in Schloss Elmau, Germany. Russia is generally considered the world's second largest gold producer. The U.S. Treasury has prohibited the import of Russian Federation-origin gold into the United States with immediate effect, unless licensed or otherwise by the Office of Foreign Assets Control (OFAC).


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