According to Agence France-Presse, on the 28th local time, the United States announced a series of new sanctions against Russia, including a ban on the import of gold from Russia. The U.S. Treasury Department said in a statement on the 28th that it would impose new sanctions on 7

According to AFP reported that on the 28th local time, the United States announced a series of new sanctions against Russia, including a ban on the import of gold from Russia.

The U.S. Treasury Department said in a statement on the 28th that it will impose new sanctions on 70 Russian entities and 29 individuals, and all their property and property interests in the United States or owned or controlled by Americans will be frozen. The U.S. Treasury Department said that the 70 entities involved in the sanctions include companies that are decisive for the Russian military industry, as well as multiple Russian banks . The U.S. Treasury Department’s Office of Foreign Assets Control also banned the import of Russian gold into the United States. On the same day, the U.S. State Department announced sanctions on 45 additional entities and 29 individuals in Russia. The U.S. State Department also imposed visa restrictions on more than 500 Russian military officers and Russian officials.

In addition, US Secretary of State Blinken also issued a statement on the 228th, saying that US President Biden announced to increase tariffs on more than 570 Russian products with a total value of approximately US$2.3 billion. Blinken pointed out that the sanctions were carefully designed to make Russia pay while reducing costs for American consumers.

Previously, countries such as the United Kingdom, Japan and Canada have made it clear that they will ban the import of newly mined or refined Russian gold. EU member states Germany, France and Italy believe that the decision on whether to impose sanctions on Russian gold should be made by the 27 EU member states. German government officials are worried that "the import ban on Russian gold may lead to a reduction in global gold supply, thereby pushing up gold prices." The result will be like the sanctions imposed on Russian oil and natural gas, which will have a backlash on European and American countries themselves.

China Central Radio and Television China Global Program Center New Media

Source: CCTV4