BRUNSWICK, Maine (AP) — Maine’s independent senator is joining a push to clamp down on Russia’s ability to sell gold reserves. Sen. Angus King is working with Republican Sens. John Cornyn of Texas and Bill Hagerty of Tennessee and Democratic Sen. Maggie Hassan of New Hampshire on the effort. King said Tuesday the Stop Russian GOLD Act would apply secondary sanctions to any American entities that knowingly transact with or transport gold from Russia’s central bank holdings. King says the sanctions would also apply to U.S. entities that sell gold physically or electronically in Russia.
BE PART OF THE CONVERSATION
KVIA ABC 7 is committed to providing a forum for civil and constructive conversation.
Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here
If you would like to share a story idea, please submit it here.