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UK sanctions Russian gold exports

The ban, which will come into force shortly, will apply to newly mined or refined gold, and does not impact Russian-origin gold previously exported from Russia

New exports of Russian gold will no longer be allowed to enter the UK, Canada, US and Japan due to new measures announced at the G7 Summit yesterday (26 June), in a bid to ramp up the pressure on Putin amid his attack on Ukraine.

Gold is reportedly Russia’s biggest non-energy export, worth £12.

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