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Washington applies sanctions announced at G7 against Russian gold and defense industry

2022-06-28T15:02:25.990Z

The United States on Tuesday implemented the sanctions against Moscow decided at the G7 summit, including a ban on imports of gold...



The United States on Tuesday implemented the sanctions against Moscow decided at the G7 summit, including a ban on gold imports from Russia and new sanctions against its defense industry, the Treasury announced on Tuesday.

"

The actions taken today (...) strike at the heart of Russia's capabilities to develop and deploy weapons and technologies used in Vladimir Putin's brutal war of aggression against Ukraine

," the Treasury said in a statement. a statement.

Read alsoWar in Ukraine: do European sanctions really enrich Russia?

The sanctions taken target 70 Russian entities, including the military-industrial conglomerate Rostec, described by Washington as "

the cornerstone

" of the Russian defense and technological industry.

"

Targeting Russia's defense industry will degrade Putin's capabilities and further hamper his war against Ukraine, already plagued by weakened morale, broken supply chains, and logistical failures

," the secretary said. Treasury Janet Yellen in the same release.

On Sunday, on the first day of exchanges at their summit in Germany, the leaders of the G7 had announced an embargo on newly mined gold in Russia.

Source: lefigaro

All business articles on 2022-06-28

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