US Treasury Department: Will prohibit Russia gold imports under latest sanctions

Eren Sengezer FXStreet

The United States will prohibit Russian gold imports in the latest round of sanctions, the Treasury Department announced on its website on Tuesday, as reported by Reuters.

Additional takeaways

"US imposes Russia-related sanctions on dozens of entities and individuals."

"Latest sanctions target Russia's state-owned defense conglomerate Rostec and affiliated entities."

"Latest sanctions target multiple banks including Bank of Moscow."

"US imposes sanctions on United Aircraft Corp."

Market reaction

This headline doesn't seem to be having a significant impact on gold's valuation. As of writing, XAU/USD was down 0.15% on the day at $1,820.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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