US Imposes Sanctions on Some of Russia’s Biggest Gold Miners

The US has sanctioned some of Russia’s biggest gold miners, as it imposes fresh penalties on the country’s metals and mining sector.

Polyus PJSC, the country’s No. 1 gold miner, and Polymetal JSC, the Russian unit of Polymetal International Plc, were targeted, according to a statement Friday from the US Department of the Treasury’s Office of Foreign Assets Control. Share and debt holders of Polyus, along with the company’s counterparties, have until Aug. 17 to sell their assets and wind down their operations.

Gold from Russia, the world’s second-biggest producer, became taboo after the invasion of Ukraine, ...