Marked ingots of 99.99% pure gold are placed in a cart at the Krastsvetmet non-ferrous metals plant in the Siberian city of Krasnoyarsk, Russia on March 10. REUTERS
The U.S. is clamping down on Russia’s ability to sell its gold reserves and raise money, the latest effort to cripple the country’s war chest while the invasion of Ukraine continues.
The Treasury Department clarified last week that any transaction involving gold related to Russia’s central bank falls under existing sanctions, its latest step to limit Russia’s capacity to raise money.
Although it would be difficult for Russia to sell its gold stash, analysts say the challenge of tracing gold through the ancient physical market allows potential loopholes for Moscow to…
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
