A senior U.S. administration source said on Sunday that the Group of Seven wealthy democracies will declare a ban on Russian gold imports on Tuesday as part of continued measures to hold Russia responsible for its war in Ukraine and thwart attempts to escape Western sanctions.
Britain and the United States would announce the move on Sunday, followed by an official announcement on Tuesday, the official said.
“The president and other G7 leaders will continue to work to hold (Russian President Vladimir) Putin accountable. Today the U.S. and the U.K. are announcing that G7 leaders will ban imports of Russian gold. The official announcement will come on Tuesday,” the official said.