They say it will take “billions of dollars” from the Kremlin and take advantage of the G7 summit to warn that they will continue to crack down on Putin and his country’s oligarchs for the war in Ukraine
The Russian invasion of Ukraine is also at the center of attention at the G7 summit in Germany. The start of the meeting was marked by news of the new rocket attack suffered by the Ukrainian capital Kiev a few hours earlier, which was described as “barbaric” by United States President Joe Biden. In addition, the Ukrainian President, Volodimir Zelensky, is participating electronically in the meeting today.
The White House had already announced in advance that it wanted to increase pressure on Russia and would make a series of “concrete proposals” on the matter. Another way to refer to a new package of sanctions against the Kremlin. That same Sunday, Biden announced on Twitter: “Together, the G7 will announce that we will ban Russian gold, one of its main export sources, depriving Russia of billions of dollars.”
Pending a joint announcement at the end of this summit in Elmau, an event scheduled for Monday, the United Kingdom, Canada and Japan have joined the United States in recent hours in their intention to ban Russian gold imports.
“These measures will hit the Russian oligarchs directly and hit the center of Putin’s war machine,” said British Prime Minister Boris Johnson, who was also present at the meeting. Russia is a major gold producer whose exports accounted for about $15.5 billion in 2021, according to London.
“Putin is wasting his resources in this useless and barbaric war. It feeds his ego at the expense of the Ukrainian and Russian people,” Johnson added. Banning Russian gold imports will “have a huge impact on Putin’s ability to raise funds,” the British government stressed in a statement.
For his part, the German Chancellor and host of the G7 summit, Olaf Scholz, has put forward that he will propose measures to support the invaded country in the long term and work out a ‘Marshall Plan’ for the reconstruction of Ukraine. The idea is that it could become something similar to what was practiced in Germany and other European countries after World War II.
Source: La Verdad
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