Biden urges G7 to stay together as leaders target Russian gold

German Chancellor Olaf Scholz, U.S. President Joe Biden, British Prime Minister Boris Johnson, Japan's Prime Minister Fumio Kishida, European Commission President Ursula von der Leyen, European Council President Charles Michel, Italy's Prime Minister Mario Draghi, Canada's Prime Minister Justin Trudeau and France's President Emmanuel Macron attend a round table for their first working session of G7 group at Bavaria's Schloss Elmau Castle, near Garmisch-Partenkirchen, Germany June 26, 2022. John MacDougall/Pool via REUTERS

SCHLOSS ELMAU, Germany (Reuters) -U.S. President Joe Biden told allies "we have to stay together" against Russia on Sunday as G7 leaders gathered for a summit set to be dominated by war in Ukraine and its impact on food and energy supplies and the global economy.

At the start of the meeting in the Bavarian Alps, four of the Group of Seven rich nations moved to ban imports of Russian gold to tighten the sanctions squeeze on Moscow and cut off its means of financing the invasion of Ukraine.