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​US Prohibits Import Of Russia Gold, New Banks On Sanctions List-Trsry

US-RUSSIA

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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