It has been reported that the G7 summit in Germany will announce the ban on Russian gold imports.
Germany, First Published Jun 26, 2022, 6:37 PM IST
It has been reported that the G7 summit in Germany will announce the ban on Russian gold imports. A Russian missile has struck a residential complex in the Ukrainian capital, Kiev. Russian missiles hit residential buildings in the central Shevchenkivsky district of Kiev. This caused a fire and the Ukrainian capital became a smoky zone. Work is also underway to rescue those trapped in the rubble. Preliminary reports said one person was killed and five were injured in the attack. But a security official involved in the rescue operation said more people were trapped in the rubble. He said a nearby children’s school was also attacked. Russia has launched new offensive over the weekend as it supplies more Western artillery to Ukraine to prevent a Russian offensive in the east of the country.
Yesterday Russia fired more than 40 missiles at Ukrainian targets, some of which were fired from Belarus, where President Alexander Lukashenko backed Russian President Vladimir Putin’s invasion of Ukraine. Anton Gerashchenko, an adviser to Ukraine’s interior minister, said today that the cruise missiles that hit Kiev were fired from bombers flying over the Caspian Sea. Meanwhile, G7 leaders are meeting in Germany to discuss how Russia’s efforts to curb wheat exports from Ukraine could increase inflation and increase pressure on the Kremlin to end the war that has fueled fears of global food shortages. Putin carried out the attack while G7 leaders were gathering in Germany to discuss their support for Ukraine’s aggression against Russia. Meanwhile, Britain, Canada, Japan and the United States have banned Russia’s gold exports.
British Prime Minister Boris Johnson has said that the ban will directly affect the politically influential elite in Russia. London plays a key role in the international gold trade. So Britain noted that the impact of the embargo would be felt around the world. Gold is one of Russia’s largest exports. Russia’s gold exports last year were worth about $ 15.5 billion. Russia’s rich are turning their assets into gold to avoid the impact of financial restrictions as sanctions are imposed on Russia. Meanwhile, a US official has announced that the ban on Russian gold imports will be announced at the G7 summit in Germany.
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Last Updated Jun 26, 2022, 6:42 PM IST
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