RUSSIAN GOLD Imports BANNED By G7. $16 BILLION Impact on Russia as West INCREASES SANCTIONS Further
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Russia is the THIRD LARGEST Producer of GOLD in the World and Exported over $15 BILLION in 2021. GOLD is Russia's largest single export after Energy Products and the majority of these exports were sent to LONDON which is the largest trading market in the world. The G7, which consists of USA, UK, Canada, Japan, Germany, France & Italy have now BANNED the Import of All Russian Gold. In this video I look at the Gloabl Market for Gold, who the biggest producers and buyers are, what gold is used for and what the the implications of this action are for both RUSSIA and the GLOBAL ECONOMY.
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Chapters:
0:00 Intro
1:49 GOLD
2:51 CURRENCY
4:30 COMMERCIAL USES
6:01 SUPPLY
8:28 BUYERS
10:33 G7 BAN
12:04 PRICE
14:49 SUMMARY & CONCLUSION
#UKRAINE
#russia
#gold
#globalfinancialcrisis
#ruble
#swift
#recession
#china
#usa
#nato
#ww3
#WORLDWAR3
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