The United States on Tuesday imposed sanctions on more than 100 targets and banned new imports of Russian gold, acting on commitments made by the Group of Seven leaders this week

Iran Press/America: The United States on June 28 imposed sanctions on 70 entities, including Russian defense firm Rostec, and 29 individuals in a move that it said aimed to "strike at the heart of Russia’s ability to develop and deploy weapons."

The new sanctions, which also ban imports of Russian gold, were announced by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) and they implement agreements reached during the Group of Seven (G7) summit this week.

The official ban on new imports of Russian gold comes as Moscow’s invasion of Ukraine continues into its fourth month. The U.S. and the U.K. announced the move on Sunday during a Group of Seven meeting in the Bavarian Alps, with the rest of the G-7 joining the ban.

Gold is Russia’s second most valuable export after energy and “rakes in tens of billions of dollars,” President Biden tweeted.

Representatives for Russia’s embassy in Washington and for Rostec didn’t immediately respond to requests for comment. 219

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