US Treasury Department: Will prohibit Russian gold imports under latest sanctions

The United States will prohibit Russian gold imports in the latest round of sanctions according to the Treasury Department. The Department announced this news on its website on Tuesday.

The market has not reacted to this news headline yet. The Gold Index was down 0.15% on the day at $1,820.

Additional takeaways
“US imposes Russia-related sanctions on dozens of entities and individuals.”

“Latest sanctions target Russia’s state-owned defense conglomerate Rostec and affiliated entities.”

“Latest sanctions target multiple banks including Bank of Moscow.”

“US imposes sanctions on United Aircraft Corp.”