Business Desk, AnyTV, New Delhi
Published by: Vivek Das
Updated Sun, 26 Jun 2022 04:55 PM IST
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Expansion
Britain, the US, Canada and Japan have banned the import of gold from Russia. Now gold will not be imported from Russia in these countries. During the meeting of the G7 countries, it has been agreed between these countries to implement the stringent provisions made in this regard. The purpose of this ban is to put pressure on Russian President Vladimir Putin, who is waging war on Ukraine.
Let us tell you that Russia is the largest exporter of gold after petroleum. In the year 2021, gold worth 12.6 billion pounds was exported from Russia.
The importance of gold to the Russian elite increased after Russia’s war with Ukraine began, as Russia’s elite sought to buy gold bullion to protect themselves from the financial effects of Western sanctions. There was competition.
British Prime Minister Boris Johnson has said that the measures we announced today during the G-7 meeting will directly affect the Russian oligarchy and hit the heart of Putin’s war machine.
