25 March 2023,   12:19
EU Ministers to consider tightening Russia sanctions, including gold

European Union foreign ministers are set to meet today, July 18, to discuss tightening sanctions against Moscow.

Among the measures being considered - and likely to be approved - is a ban on gold purchases from Russia, a move already put in place by international partners.

The EU could also act to impose sanctions on additional Russian individuals.

The G7 in June announced a ban on imports of Russian gold, a move aimed at Russian oligarchs and President Vladimir Putin’s war machine. The British government said at the time that exports of Russian gold last year totaled more than USD 15 billion.