France backs Russian gold ban, wants G7 oil, gas price shield

Published: Jun 26, 2022, 10:53 UTC1min read
PARIS (Reuters) – France backs banning Russian gold exports and the proposal now needs to be discussed among the European Union’s 27 members, a French presidency official said on Sunday.
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PARIS (Reuters) – France backs banning Russian gold exports and the proposal now needs to be discussed among the European Union’s 27 members, a French presidency official said on Sunday.

The official said Paris was not opposed to a cap on Russian oil prices, but wanted the G7 to discuss a price shield that would cap oil and gas prices to rein in inflation.

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The official added that the G7 were fully united in intensifying their support for Ukraine after the intensification of the conflict in recent days.

(Reporting by John Irish; Editing by Toby Chopra)

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