President Biden and his counterparts in the G-7 are announcing a ban on new imports of Russian gold in an attempt to further isolate the country from financial markets and punish Russian President Vladimir Putin for the invasion of Ukraine.
President Biden arrives in Germany on Saturday. TELFS, Austria — President Biden and his counterparts in the Group of Seven nations are announcing a ban on new imports of Russian gold in an attempt to further isolate the country from financial markets and punish Russian President Vladimir Putin for the invasion of Ukraine.
The two leaders made small talk as Biden, silhouetted by the Alps, quipped that he used to ski a lot but had not done so in some time. “It’s beautiful,” he remarked several times. “The U.S. has rallied the world in imposing swift and significant economic costs to deny Putin the revenue he needs to finance his war,” said one of the officials, speaking on the condition of anonymity under ground rules for the briefing. “In this case, gold — after energy — is the second-largest export for Russia and a source of significant revenue for Putin.”
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