**UK Slams Sanctions on Illicit Gold Trade**
The United Kingdom has announced new sanctions against the illicit gold trade. This move is aimed at stopping Russia from using the gold trade to finance its war in Ukraine.
According to the UK government, Russia uses the illicit gold trade to launder money and avoid previous sanctions. This allows them to continue funding their war efforts. The latest round of sanctions targets five individuals involved in this practice. One of these individuals is Anto Joseph, the CEO of Paloma Precious, which has bought over $300 million worth of Russian gold.
This company indirectly supplies Russia with funds for its war against Ukraine. In November 2023, the UK already imposed sanctions on Paloma Precious and other entities involved in Russia’s gold sector. Gold is a valuable commodity in Russia, bringing in $15.5 billion to the country’s economy in 2021.
**Ukraine Reunites Children with Families**
In separate news, Ukraine successfully returned five children from Russian-controlled territories as part of an initiative called “Bring Kids Back UA.” This program aims to reunite children with their families who have been separated due to the conflict.
Meanwhile, Ukrainian President Volodymyr Zelensky met with German opposition leader Friedrich Merz. They discussed the importance of providing long-range weaponry like Taurus cruise missiles to Ukraine.
**US Pledges Support**
The United States has also pledged its support for Ukraine. U.S. State Department Spokesperson Matthew Miller stated that if Ukraine produces additional forces, they and their allies will be ready to train these forces and help them enter the fight against Russia.
**Russia’s Spending Reaches $43 Billion**
In another development, Russia’s spending on “national defense” has reached an unprecedented $43 billion in the third quarter of 2024. This significant increase highlights the country’s ongoing military efforts.
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