Britain and the US, along with allies such as Japan and Canada, are set to reveal a ban on new imports of Russian gold during the G7 Leaders’ Summit on Sunday, according to a statement by the UK government.

The industry is facing rising jet fuel costs and post-pandemic financial problems Air travel could become even more expensive in the coming months, CNBC reported this week, citing top aviation executives.

Foreign information technology (IT) companies that have left the Russian market following Western sanctions this year lost roughly $10 billion in profits, the head of Russia’s Ministry of Digital Development, Communications and Mass Media, Maksut Shadaev, said on Tuesday.