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The most significant new measure is a direct ban on the import of non-industrial Russian diamonds from Jan. 1, which sources say has been agreed, as well as a phased indirect ban of Russian ...
EU mulling ban on direct diamond imports from Russia starting from 1 January 2024. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ways to ...
It also banned the import of diamonds from Russia. The European Union, too, plans to restrict trade in Russian diamonds. The U.S. hit individuals and organizations across 20 countries, focusing on ...
In March 2023, when the EU adopted new sanctions against Russia, Russian diamond exports to Europe and other nations remained unaffected. While calls from Ukrainian nationals and EU officials to strictly apply sanctions to Russian-sourced diamonds had been referred to the G7, such measures had only experienced weak support from European ...
Russia: Alrosa: The world's largest diamond mining company, responsible for 90% of Russia's diamond mining capacity (which is 28% of the global total). Financial transactions are heavily restricted by U.S. Treasury [108] Russia: Sovcomflot: Russia's largest maritime and freight shipping company. [108] Russia: VO Technopromexport (VO TPE), both ...
The European Union said Monday that it has imposed fresh sanctions on Russia over its war against Ukraine, targeting the lucrative diamonds industry, more than 140 officials and organizations, and ...
The investigation is the first related to the EU and Group of Seven (G7) import ban on diamonds from Russia that began on Jan. 1 to punish Moscow for its invasion of Ukraine. The investigation was ...
[34] [35] However, the diamond-cutting companies of Antwerp, Belgium, keep importing from Alrosa although at lower volume. [36] On January 3, 2024, the European Union imposed sanctions on Alrosa, and its CEO, Pavel Marinychev, as part of its "unwavering commitment" to Ukraine in the conflict against Russia.