G7 leaders have agreed to crack down on Russia’s ability to sell its gold reserves to support its currency as they launch a new effort to hinder any attempts by Moscow to evade financial sanctions imposed by the west.
The move was unveiled on Thursday as G7 leaders met at Nato headquarters in Brussels to beef up the economic punishment inflicted on Vladimir Putin’s regime as a result of Russia’s invasion of Ukraine.
It comes as the Biden administration and European governments focus on tightening the sanctions introduced at the start of the conflict and consider additional measures against Moscow.
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