What does it mean that the United States, Britain, Canada and Japan decided to ban the import of gold from Russia?

The United States, Britain, Canada and Japan decided to ban the import of gold from Russia, which is the most direct and fundamental significance of the escalation of sanctions. However, the sanctions imposed by European and American countries on the Russian financial system really have no effect. After all, Russia's financial system is self-contained. Even if these four countries do not buy gold from Russia, it will not lead to internal chaos in Russia.

After the Russian-Ukrainian conflict this year, Britain, the United States and other European and American countries quickly launched a trip to stand in line. They obviously enjoyed Russia's natural gas and other resources, and then sanctioned Russia on the one hand. This duplicity is really disgusting. Anyway, these countries currently prohibit the import of gold from Russia. In fact, this has really little impact on Russia. We will describe it slowly below.

1. The United States, Britain, Canada and Japan decided to ban the import of gold from Russia: this means that sanctions are escalating.

These four countries decided to ban the import of gold from Russia, the most direct impact is to damage Russia's financial system, which means the escalation of sanctions. At the beginning of this year, countries such as Europe and America have successively withdrawn their investments from China, which means that sanctions against Russia have officially begun. However, after such a long period of sanctions, nothing happened in Russia, indicating that this kind of sanctions may be just a form of sanctions and have no special influence in essence.

Second, the escalation of sanctions may be useless: Russia's financial system is self-sufficient.

Gold is a common precious metal in international transactions. Russia produces gold, but Russia's financial system is also self-contained. It is somewhat funny that Britain and other countries want to sanction Russia's financial system by banning the purchase of gold. At present, Russia's financial system is self-contained, and Russian payments are settled in rubles. In addition, Russia is rich in natural resources, which means that Britain and other countries will eventually buy Russian gold and other products.