Business Standard

Joe Biden urges G7 to stay together as leaders target Russian gold

Biden says Russia has failed to split G7; gold ban targets 'Putin's war machine', says British PM; oil import price cap also being discussed

US President Joe Biden speaks during the G7 summit in Schloss Elmau, near Garmisch-Partenkirchen, Germany (Photo: Reuters)
Premium

US President Joe Biden speaks during the G7 summit in Schloss Elmau, near Garmisch-Partenkirchen, Germany (Photo: Reuters)

Reuters Germany
US President Joe Biden told allies "we have to stay together" against Russia on Sunday as G7 leaders gathered for a summit set to be dominated by war in Ukraine and its impact on food and energy supplies and the global economy.

At the start of the meeting in the Bavarian Alps, four of the Group of Seven rich nations moved to ban imports of Russian gold to tighten the sanctions squeeze on Moscow and cut off its means of financing the invasion of Ukraine.

However, it was not immediately clear whether there was consensus on the move, with European Council President

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 26 2022 | 10:09 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com