US senators have submitted a bill to Congress to impose sanctions against individuals involved in gold transactions from the Bank of Russia reserves, Republican Senator John Cornyn informed.
"Russia is following Venezuela’s steps by exploiting a loophole in the current sanctions that allows them to launder money through the sale and purchase of gold," he said.
Further, the senator noted that the sanctions would help isolate Russia from the world economy and complicate the conduct of a special operation in Ukraine.
