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Free AccessUS Prohibits Import Of Russia Gold, New Banks On Sanctions List-Trsry
The US Treasury Department, as expected, has announced a ban on the import of gold from Russia, while also adding a large number of individuals and entities to the Special Designated Person list of sanctions.
- Treasury Secretary Janet Yellen tweets: "The U.S. once again reaffirms our commitment to work alongside partners & allies to impose additional sanctions in response to Russia’s war against Ukraine. Targeting Russia’s defense industry will degrade Putin’s capabilities & further impede his war."
- Press release: https://home.treasury.gov/news/press-releases/jy0838
- "...[sanctions] shall apply to gold of Russian Federation origin, with immediate effect. As a result, the importation into the United States of gold of Russian Federation origin is prohibited [...] This determination excludes gold of Russian Federation origin that was located outside of the Russian Federation prior to today.
As announced at the G7 Summit, the United States is joined in taking action against Russian gold, the country’s biggest non-energy export, by the United Kingdom, Canada, and Japan."
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.