scorecardresearchBan on New Gold Imports From Russia Seen as ‘Largely Symbolic’

Ban on New Gold Imports From Russia Seen as ‘Largely Symbolic’

Updated: 27 Jun 2022, 08:12 AM IST
TL;DR.
The plan by some Group of Seven nations to ban new gold imports from Russia is “largely symbolic” as flows have already been restricted by sanctions, according to analysts.
(L-R) Italian Prime Minister Mario Draghi, President of the European Commission Ursula von der Leyen, US President Joe Biden, German Chancellor Olaf Scholz, British Prime Minister Boris Johnson, Canadian Prime Minister Justin Trudeau, Japanese Prime Minister Fumio Kishida, French President Emmanuel Macron and President of the European Council Charles Michel pose for an informal group photo standing at a bench after a working dinner during the G7 Summit held at Elmau Castle, southern Germany on June 26, 2022. (Photo by Ludovic MARIN / POOL / AFP) / ALTERNATIVE CROP

(L-R) Italian Prime Minister Mario Draghi, President of the European Commission Ursula von der Leyen, US President Joe Biden, German Chancellor Olaf Scholz, British Prime Minister Boris Johnson, Canadian Prime Minister Justin Trudeau, Japanese Prime Minister Fumio Kishida, French President Emmanuel Macron and President of the European Council Charles Michel pose for an informal group photo standing at a bench after a working dinner during the G7 Summit held at Elmau Castle, southern Germany on June 26, 2022. (Photo by Ludovic MARIN / POOL / AFP) / ALTERNATIVE CROP