The UK, Canada, and Japan reportedly joined the ban
The US has banned the importation of Russian gold, a doc from the Treasury’s Workplace of International Property Management (OFAC) launched on Tuesday reveals.
“The importation into the US of gold of Russian Federation origin is prohibited, besides to the extent supplied by regulation, or until licensed or in any other case approved by OFAC,” the assertion revealed on the Treasury’s web site says, noting that the ban comes into quick impact.
The doc specifies that the ban doesn’t apply to Russian gold that was exported exterior the nation previous to June 28.
It additionally states that the UK, Canada, and Japan have joined the US ban.
The doc names gold as Russia’s “largest non-energy export,” which is factually incorrect.
In accordance with Moscow, the second largest export is meals. Russian exports of agriculture merchandise had been value round $ 37 billion in 2021, whereas gold exports reportedly generated about $ 15 billion.
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