UK TO IMPOSE SANCTIONS ON RUSSIAN GOLD EXPORTS

On 26 June, a news release from the Prime Minister’s Office advised that new exports of Russian gold will no longer be allowed to be enter the UK, Canada, US and Japan thanks to tough new measures to be announced at the G7 Summit.  Gold is a major Russian export, worth £12.6 billion to the Russian economy in 2021. The measures announced build on the action taken by the London Bullion Market on 7 March to suspend 6 Russian refineries.  The import ban, which will come into force shortly, will apply to newly mined or refined gold. It will not impact Russian-origin gold previously exported from Russia, and there are no plans to extend restrictions to Russian gold purchased legitimately before the import ban was put in place.

https://www.gov.uk/government/news/uk-sanctions-russian-gold-exports

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where one-off contributions start as low as $3, at

https://www.buymeacoffee.com/KoIvM842y

NOTE THAT THE ABOVE LINK IS NOW CORRECTED AND WORKS!

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: