Britain introduced new sanctions against the illegal trade in gold

Britain has introduced new sanctions against the illegal trade in gold, which will reduce Russia's ability to finance its war against Ukraine.

This is stated in the statement of the British Ministry of Foreign Affairs, RBC-Ukraine reports with reference to Reuters.

The British government has frozen the assets of four people involved in gold smuggling as part of sanctions.

Also, the assets of another person who bought Russian gold worth more than 300 million dollars and thereby ensured the income of the Russian Federation were frozen.

The Ministry of Foreign Affairs emphasized that the illegal trade in gold is "an attack on the legal trade in a valuable commodity that fuels corruption, undermines the rule of law and entrenches human rights violations."

"Russia uses the illegal trade in gold to launder money and circumvent sanctions, thereby supporting the military actions of (Russian dictator Vladimir - ed.) Putin," the agency added.