US President Joe Biden and fellow Group of Seven leaders will agree to announce a ban on new gold imports from Russia, a person familiar with the plan said, the latest sanctions in response to the Russian invasion of Ukraine.
The leaders will announce the joint pledge at a summit in Germany that begins on Sunday, the person said, speaking on condition of anonymity ahead of a public announcement. The US Treasury Department will issue a ban on Tuesday, prohibiting US imports.
Western sanctions imposed to punish Russia already have largely closed European and U.S. markets to gold from Russia, the world’s second-biggest bullion miner. The latest move would mark a total severance between Russia and the world’s top two trading centers, London and New York. The UK capital was one of the most important destinations for Russia’s precious metals, with $15 billion in gold arriving from the country last year.
Major Player
Russia is the second biggest gold mining nation in the world
Rox and the new GFC, page-5
Add RXL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
15.0¢ |
Change
-0.010(6.25%) |
Mkt cap ! $61.58M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.0¢ | 15.0¢ | $181.7K | 1.175M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 467205 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 103377 | 4 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| RXL (ASX) Chart |