G7 to impose restrictions on new Russian gold imports on Tuesday, according to a U.S. official

The Group of Seven wealthy democracies will restrict Russian gold imports on Tuesday, a senior U.S. administration official said on Sunday, as part of ongoing efforts to hold Russia accountable for its involvement in the Ukraine war and prevent attempts to circumvent Western sanctions.

The official indicated that the United Kingdom and the United States will announce the decision on Sunday, followed by a formal declaration on Tuesday.

"Putin will continue to face accountability from the president and other G7 leaders. Today, the United States and the United Kingdom stated that the G7 will restrict the importation of gold from Russia. Tuesday will be the day of the official announcement, "said the official.