Seventh package of EU sanctions against Russia may include a ban on gold/AFP
The next package of EU sanctions against Russia may include a ban on gold. The EU determines the sectors that are most tangible for the Russian economy.
Gold is an important asset of the Central Bank of Russia
So far, the EU has not yet developed the 7th package of sanctions against Russia. However, the European Union is already discussing the possibility of including gold in the seventh package of sanctions against Russia due to the invasion of Ukraine.
It is reported that Denmark at a closed meeting of EU ambassadors proposed to include gold in new sanctions against Russia.
According to Reuters, the European Commission has already begun work in this direction. At the same time, at the moment it is not clear what kind of restrictions we are talking about. In particular, the sanctions will ban the export of gold to Russia, its import, or both.
Gold has a serious impact on the Russian economy, as it is an important asset of the Central Bank of Russia, whose assets were partially frozen abroad as a result of Western sanctions.
The EU summit will take place on June 23-24. A summit statement is expected to mention “further work on sanctions”.
EU sanctions against Russia: what is known
- Since the beginning of Russia's full-scale invasion of Ukraine The European Union has approved 6 sanctions packages against the Russian regime.
- The European Union and the United States of America have imposed an embargo on Russian coal and oil. The EU imposed an embargo only at the beginning of June, but not completely. Russia can still sell pipeline oil.
- Also, as part of the EU sanctions against Russia, a number of large Russian banks have been disconnected from the SWIFT system. Not without personal sanctions against war criminals and propagandists. The family of Putin's spokesman, Dmitry Peskov, has been sanctioned.
- According to Die Welt, Russian oligarchs and institutions have lost access to luxury yachts, helicopters, paintings, real estate and other assets worth more than 12.5 billion euros.
