More action to de-fund Russia's illegal invasion of Ukraine

At the G7 meeting it was announced that there will be a ban on all new Russian gold imports, as we ratchet up the pressure on Putin’s war machine.

  • Putin is squandering his dwindling resources on this pointless and barbaric war, and alongside our allies, we need to starve his regime of its funding.
  • That is why today we announced a ban on all imports of Russian gold to the UK which will cover over £13.5 billion of our imports from Russia, alongside bans by the USA, Canada and Japan that will isolate Russia from the global gold market.
  • By taking these measure alongside our allies, we are maximising the impact that we can have on Putin and his cronies and striking at the heart of his barbaric war machine.

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