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Biden: G-7 To Ban Russian Gold In Response To Ukraine War

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Biden with Germ Chancellor ScholzPresident Joe Biden said Sunday that the United States and other Group of Seven leading economies will ban imports of gold from Russia, the latest in a series of sanctions that the club of democracies hopes will further isolate Russia economically over its invasion of Ukraine.

A formal announcement was expected Tuesday as the leaders hold their annual summit.

Biden and his counterparts will huddle on the summit’s opening day Sunday to discuss how to secure energy supplies and tackle inflation, aiming to keep the fallout from Russia’s invasion of Ukraine from splintering the global coalition working to punish Moscow.

Hours before the summit was to formally open, Russia launched missile strikes against the Ukrainian capital Sunday, striking at least two residential buildings, Kyiv Mayor Vitali Klitschko said. They were the first such strikes by Russia in three weeks.

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