SCHLOSS ELMAU
\nUS President Joe Biden told allies \u201cwe have to stay together\u201d against Russia on Sunday as G7 leaders gathered for a summit dominated by war in Ukraine and its impact on food and energy supplies and the global economy.
\nAt the start of the meeting in the Bavarian Alps, four of the Group of Seven rich nations moved to ban imports of Russian gold to tighten the sanctions squeeze on Moscow and cut off its means of financing the invasion of Ukraine.
\nBut it was not clear whether there was G7 consensus on the plan, with European Council President Charles Michel saying the issue would need to be handled carefully and discussed further.
\nBritain, the United States, Japan and Canada agreed the ban on new Russian gold imports, the British government said on Sunday.
\nBritain said the ban was aimed at wealthy Russians who have been buying safe-haven bullion to reduce the financial impact of Western sanctions. Russian gold exports were worth $15.5 billion last year.
\nThe G7 leaders of Britain, France, the United States, Germany, Japan, Italy and Canada, were also having \u201creally constructive\u201d talks on a possible price.<\/p>\n","protected":false},"excerpt":{"rendered":"
SCHLOSS ELMAU US President Joe Biden told allies \u201cwe have to stay together\u201d against Russia on Sunday as G7 leaders gathered for a summit dominated by war in Ukraine and its impact on food and energy supplies and the global economy. At the start of the meeting in the Bavarian Alps, four of the Group […]<\/p>\n","protected":false},"author":2,"featured_media":268562,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":{"0":"post-268548","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world"},"yoast_head":"\n