G7 Summit Announces Ban on Russian Gold |
 https://www.daybreakinsider.com/wp-content/uploads/2022/06/2022-06-26T121218Z_1_LYNXMPEI5P067_RTROPTP_4_G7-SUMMIT-1024x683.jpg 1024w, https://www.daybreakinsider.com/wp-content/uploads/2022/06/2022-06-26T121218Z_1_LYNXMPEI5P067_RTROPTP_4_G7-SUMMIT-768x512.jpg 768w, https://www.daybreakinsider.com/wp-content/uploads/2022/06/2022-06-26T121218Z_1_LYNXMPEI5P067_RTROPTP_4_G7-SUMMIT-1536x1024.jpg 1536w, https://www.daybreakinsider.com/wp-content/uploads/2022/06/2022-06-26T121218Z_1_LYNXMPEI5P067_RTROPTP_4_G7-SUMMIT-2048x1365.jpg 2048w, https://www.daybreakinsider.com/wp-content/uploads/2022/06/2022-06-26T121218Z_1_LYNXMPEI5P067_RTROPTP_4_G7-SUMMIT-600x400.jpg 600w, https://www.daybreakinsider.com/wp-content/uploads/2022/06/2022-06-26T121218Z_1_LYNXMPEI5P067_RTROPTP_4_G7-SUMMIT-450x300.jpg 450w" alt="" width="400" height="auto" />Washington Post: President Biden and his counterparts in the Group of Seven nations are announcing a ban on new imports of Russian gold in an attempt to further isolate the country from financial markets and punish Russian President Vladimir Putin for the invasion of Ukraine. The ban on gold imports, which could amount to a penalty of tens of billions of dollars, appeared to be the primary new economic sanction to be imposed on Russia out of the summit. Administration officials declined to comment on whether other punitive steps would be taken(Washington Post). National News: US President Joe Biden is floating the idea of a price cap on Russian oil to toughen sanctions and avoid a situation where the Kremlin receives more money for fewer exports because of the runaway price of fuel. American diplomats suggested that this could be done by blacklisting oil tankers if the fuel they are carrying is above the price cap, meaning they could not receive shipping insurance. The US is “looking for ways to minimise the effect of rising oil prices and the profits that Mr Putin continues to get from those oil prices”, said national security spokesman John Kirby, referring to the Russian president. European countries have said they are willing to discuss the idea, but are wary of charging back into the oil sanctions debate weeks after fractious talks on an embargo tested western unity over Ukraine (National News). |
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That's right, force Putin to keep his gold, that will make them weaker!