G7 to ban Russian gold imports, choking key market for Putin

File photo of gold bullion bars

What you need to know:

  • The measure was initially flagged by Britain as joint action being taken along with fellow G7 members Canada, Japan and the United States.
  • However, the rest of the G7, which is holding a summit in Germany, will also join in with a formal unveiling of the sanction on Tuesday, a senior US official said.