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G7 to halt Russian gold import; missiles hit Ukrainian capital Kyiv

Leaders address soaring inflation, recession threat


Gold is a major Russian export, worth 12.6 billion pounds to the Russian economy in 2021.

Agencies Kyiv
Russian missiles struck the Ukrainian capital Kyiv on Sunday,  killing one person and wounding six more, a day after a key eastern city fell to pro-Russian forces in a major set-back for Ukraine and as world leaders gathered in Europe to discuss further sanctions against Moscow.

The US has said the Group of Seven (G7) nations will ban the import of Russian gold with the aim of tightening sanctions screws on Moscow, which on Sunday carried out missile strikes on Ukraine’s capital Kyiv after making territorial gains in the eastern Luhansk region.

“Together, the G7 will announce that we will ban the

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First Published: Jun 26 2022 | 11:57 PM IST

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