EU countries agree to impose a ban on the import of Russian gold and freeze the assets of the leading Russian bank in the latest sanctions.

The main goal is to link with G7 partners, consolidate measures and fill the necessary gaps, the Government of the Czech Republic, the country holds the position of alternating chairman of the European Union (EU), posted

The punishment round will take effect from July 21, in which the prohibition of the Russian gold import, freezing assets of Sberbank, the leading bank in the country, as well as many individuals accused of related to Ukraine conflicts.

The EU loosens the limited limitation in the package when removing the assets at Russian banks related to food and fertilizer trading, to react to Moscow's allegations that sanctions are causing

Pure gold bars at a metal factory in the city of Krasnoyarsk, Siberia, Russia in March. Photo: Reuters.

USA, UK, Canada and Japan, 4 countries G7, from the end of June have announced the ban on gold imports from Russia to prevent Russian tycoons from buying this precious metal to avoid sanctions.

In 2021, gold exports, one of Russia's main export items, reached US $ 15.5 billion.

Experts say that Russian golden sanctions will have a great impact on Russia's financial resources for war.

Russia has not responded to the EU gold embargo, but Moscow has repeatedly affirmed that Western sanctions are acts of self -destruction while Russia remains firm.

The EU wants to increase the pressure of sanctions to force Russia to stop the campaign in Ukraine, but the economic anxiety hinders their efforts.

Putin believes that the long battle in Ukraine will make the opponent exhausted, but the West may have many ways to deal with this calculation.