This is a great tree! US believes in banning Russian gold Eliminate $19 billion per year Moscow revenue.

Anthony Blinken, US Secretary of State Interview with CNN states that the measures to ban gold exports from Russia It would cut Moscow’s revenue by as much as $19 billion a year. move forward with sanctions against Russia which so far has failed in its attempts to shatter Moscow’s economy.

However, Blinken expects the efforts will see results next year

World powers on Sunday (June 26) agreed to ban gold exports from Russia. During the opening of the G7 meeting with the goal of implementing new measures to get rid of Moscow’s war capital and enhance the self-defense potential of Ukraine

Blinken told CNN host Jake Tapper: “Gold is Russia’s second most lucrative export after energy. It’s about $19 billion a year. And most of it comes from among the G7 countries, cutting it off, not giving Russia access to about $19 billion a year in revenue, is very important.”

However, RT News said that Blinken’s statement that’s not quite right because in reality Russia’s second most important export is food. by selling agricultural products to foreign countries This will be worth over $37 billion in 2021.

It is unclear whether the rest of the G7 countries will sign the gold ban, according to European Council President Charles Michel. said on Sunday (June 26) the EU needs to decide first whether “Is it possible to target gold in a way that will affect the Russian economy? not in a way that will affect itself.”

US President Joe Biden has said that the measures to ban Russian gold “It will give President Vladimir Putin unprecedented compensation,” said British Prime Minister Boris Johnson. claim that it will be “Attack on the heart box of Putin’s war engine.”

However, what the two leaders said It is similar to when their country and the EU allies. Sanctions have been imposed on Russia, but in vain, Biden promised in March it would porous Russia’s economy. but in fact it is Moscow has recorded record oil and gas revenues. And the ruble was the strongest in more than 7 years against the dollar and the euro.

At the same time, inflation in both the EU and the US It hit its highest level in 40 years, with consumers from both sides of the Atlantic paying record fuel prices. and despite agreeing sanctions on Russian oil last month But it was reported that the EU imported more crude oil from Russia. hit the highest level in 2 months

ART News reported that Russia will still have the option to sell its own gold to gold extractors. or looking for new buyers in China, India or the Middle East. The same is done with fossil fuels.

Tapper asked Blinken, “The United States said the Western sanctions imposed on Russia will destroy the Russian economy. But it looks like it’s not happening. When will these sanctions begin to affect the West and President Biden have promised?

Blinken replied, “Everything we’ve done since the inception of the unprecedented boycott and export control. It is having a serious impact on Russia,” he said, adding that “now Russia cannot afford the supplies necessary to modernize its defense sector. Improve the technology sector to be up-to-date as well as energy exploration.

“Likewise, we are seeing forecasts for the Russian economy to contract by 8-15% next year,” he stressed, citing the same figure Biden had previously interviewed.

(Source: CNN/RT News)