Europe has banned the purchase of gold and its jewelry from Russia.
This ban on the purchase of gold is a link in the ongoing series of sanctions imposed by Europe and other countries of the world in response to Russia’s imposition of war on Ukraine.
This new round of sanctions will cover many of Russia’s institutions and individuals in addition to buying gold from Russia.
In this regard, the head of European foreign affairs, Josep Borrell, said that the ban on gold after energy is aimed at minimizing Russia’s sources of income in order to reduce its ability to continue attacking Ukraine.
He clarified that the list of these sanctions does not include the ban on food and other agricultural imports from Russia.