10 December 2024
The United States and the United Kingdom have imposed new sanctions targeting the illicit gold trade, which they claim funds Russian President Vladimir Putin’s war in Ukraine and fosters corruption. The UK froze the assets of five individuals, including Kamlesh Pattni, a businessman accused of smuggling gold and laundering money through a global network. These sanctions aim to disrupt Russia’s use of illegal gold to evade sanctions and bolster its military efforts.