Bloomberg: EU looking to ban Russian gold in new sanctions package
WORLD 01 July 2022 - 17:30
The European Union is working on new sanctions to target Russian gold, matching a move by the Group of Seven nations aimed at further choking off Moscow’s revenue sources, according to people familiar with the matter.
Russia is the second largest gold mining country in the world, and its gold exports were estimated to be worth £12.6 billion in 2021, Bloomberg reports.
When the UK, the US, Japan and Canada unveiled their plans to ban new gold imports from Russia earlier this week, Britain said the measure would have a “huge impact” on Vladimir Putin’s ability to fund his armed forces and oligarchs’ attempts to avoid the impact of financial sanctions by buying bullion.
Member states have so far frozen nearly 14 billion euros ($14.6 billion) of assets belonging to sanctioned individuals, according to the people. The EU and its allies are working on ways to better identify and target the assets of sanctioned individuals, while some countries are seeking guidance on how to deal with the costs of managing frozen assets.
Caliber.Az
1
|
Armenia returns four villages to Azerbaijan, paving the way for peace in the South Caucasus Landmark accord
23 April 2024 - 09:14
|
2
|
Armenian PM's Moscow visit sparks speculation on bilateral relations Dilemma between East, West
23 April 2024 - 11:19
|
3
|
Mark Rutte seeks Türkiye's backing for new job A new pair of hands
24 April 2024 - 16:55
|
4
|
Bilateral relations, regional dynamics, & peacekeepers’ withdrawal Key takeaways from President Aliyev's Moscow visit
24 April 2024 - 14:07
|
5
|
Air France plane safely evacuated at Heydar Aliyev Int’l Airport
24 April 2024 - 19:08
|
Official: Hamas would lay down its weapons if two-state solution implemented
25 April 2024 - 13:54
Yerevan ready to discuss gas purchase with Baku – Armenian Speaker
25 April 2024 - 13:47
Türkiye captures nearly 3,000 Islamic State suspects in 10 months
VIDEO25 April 2024 - 13:40
Blinken tours China to promote some ties
25 April 2024 - 13:26
Azerbaijani presidential aide showcases Fuzuli's rebirth in stirring social media video
25 April 2024 - 13:15
Media: China harbours ship tied to North Korea-Russia arms transfers
25 April 2024 - 13:11
Western Azerbaijan Community condemns US human rights report as discriminatory
25 April 2024 - 12:58
Israeli Air Force strikes dozens of targets in Gaza
VIDEO25 April 2024 - 12:43
Hungary prepares to participate in Karabakh's reconstruction
25 April 2024 - 12:29
Azerbaijan's Nakhchivan appoints new prime minister
25 April 2024 - 12:15
Political analyst: Good relations with Türkiye to be favourable for Armenia
25 April 2024 - 12:13
Iran re-evaluating its ties with Azerbaijan, Armenia
Baku - more important, honest partner than Yerevan25 April 2024 - 12:00
Balancing Turkmenistan – Afghanistan relations
Deviated approach25 April 2024 - 11:48
CENTCOM: US repells Houthi attacks on ships
25 April 2024 - 11:44
France proposes new EU sanctions to fight Russian disinformation
25 April 2024 - 11:31
Minister: Cooperation with Azerbaijan contributes to Hungary's energy security
25 April 2024 - 11:20
EU's proposed Russia sanctions to target oil tankers, ships carrying N. Korean equipment
25 April 2024 - 11:16
Azerbaijani Army conducts command-staff exercises to maintain combat readiness
PHOTO/VIDEO25 April 2024 - 11:10
Armenian politician slams recent burning of Azerbaijani, Turkish flags in Yerevan
Calling the action belligerent pity25 April 2024 - 11:04
Azerbaijan-Kyrgyzstan business priorities: Advancing trade, energy, transport initiatives
Review by Caliber.Az25 April 2024 - 10:51
Media: US sends long-range ATACMS missiles to Ukraine
25 April 2024 - 10:38
Georgia's pre-election turmoil
How the Law on Foreign Agents shapes voter sentiment?25 April 2024 - 10:27
India stands for closer cooperation in fight against terrorism at BRICS meeting
25 April 2024 - 10:25
Iranian president urges international courts to punish Israel for Gaza Strip operation
25 April 2024 - 10:09
Azerbaijan submits report on Convention Against Torture to UN
25 April 2024 - 09:55
Azerbaijan, Kyrgyzstan sign Memorandum on Cooperation in religious sphere
25 April 2024 - 09:43
US welcomes start of Azerbaijan-Armenia border delimitation process
25 April 2024 - 09:21
PM vows to boost UK defence spending to 2.5% of GDP by 2030
25 April 2024 - 09:07
Azerbaijani, Turkish communities hold rally against fictitious Armenian genocide in Washington
PHOTO25 April 2024 - 09:00
EU’s 2050 net zero goals at risk as electric vehicle rollout faces setbacks
25 April 2024 - 07:03
World’s largest wealth fund issues inflation warning on hot commodity markets
real wildcard25 April 2024 - 05:04
How US F-16 fighter jets stack up to Su-35s sent to Iran?
25 April 2024 - 03:05
Belgian brewer whose body produces its own alcohol cleared of drink driving
25 April 2024 - 01:03
Milan becomes latest European hotspot to battle overtourism
No ice cream and pizza after midnight24 April 2024 - 23:00
Germany's position on Taurus remains unchanged
24 April 2024 - 20:59
German business activity increasing in April
24 April 2024 - 20:48
Baku to host space technology conf for Central Asian region
24 April 2024 - 20:45
Sweden’s plan for worst-case scenario
War spreading in Europe24 April 2024 - 20:40
President’s special rep: Karabakh can be called eco-region of Azerbaijan
24 April 2024 - 20:32
Azerbaijani energy minister holds talks with Algerian delegation on advancing bilateral cooperation
24 April 2024 - 20:28