Gold ban will cost Russia $19bn – US ...News

Russia Today - Economy
Gold ban will cost Russia $19bn – US
source : Russia Today ( News ) () 46
Despite booming profits for Moscow, the US secretary of state insisted that the sanctions will hurt the Kremlin soon US Secretary of State Antony Blinken told CNN on Sunday that an embargo on Russian gold exports will strip Moscow of around $19 billion in annual revenue. Pressed over the West’s failure to hurt the Russian economy with sanctions thus far, Blinken predicted that the effects will be seen next year. The US, UK, Canada, and Japan will announce a ban on the import of Russian gold during the G7 Leaders’ Summit in Germany on Sunday, according to a statement from the British government.  Gold is “the secon

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