Diamond giants Botswana and Angola agree to push Russia out of market
The world's top 2nd and 4th diamond producers are stepping up to help the G7 and EU prevent Russian stones from entering global markets.
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Canada tightens import restrictions on Russian diamonds
Canada has announced additional import restrictions on Russian diamonds, targeting indirect imports of diamonds weighing 1 carat and above.
US tightens sanctions on Russian diamond imports
The US Treasury’s Office of Foreign Assets Control imposed sanctions on four entities and one vessel for violating the price cap on Russian oil, while also banning certain Russian diamond imports.
Switzerland bans import of Russian diamonds
Yet Switzerland still refuses sending arms to Ukraine, citing neutrality.
EU imposes sanctions on Russia’s Alrosa, world’s largest diamond mining company
The EU has imposed sanctions on Russia’s state-owned diamond company “Alrosa” and its CEO Pavel Alekseevich Marinychev in…
Zelenskyy imposes sanctions on Russian individuals, companies operating in occupied territories of Ukraine
Ukrainian President Volodymyr Zelenskyy has signed decrees on personal sanctions targeting eight Russian individuals and 51 legal entities…
G7 to impose sanctions on Russian diamonds by early 2024
In previous sanction packages, Russia faced bans on exports of coal, gas, gold, vodka and caviar. However, diamonds represent one of Russia's top ten non-energy exports by value, with 2021 diamond exports totaling over $4.5 bn.
BBC: EU proposes to include Russian diamonds in new sanctions package
The European Commission has proposed to include diamonds in a series of sanctions imposed on Russia since its…
Belgium commits €1.7 billion for Ukrainian aid from taxed frozen Russian assets
Belgium commits €1.7 billion for Ukraine's assistance, drawing from taxed frozen Russian assets. The EU and G7 explore taxing immobilized Russian sovereign assets, while Belgium works on banning Russian diamonds from its markets.
Bloomberg: EU likely to ban Russian diamonds in 12th Russia sanctions package
The EU is considering further sanctions on Russia, including a ban on diamonds and tapping frozen assets to assist Kyiv, according to Bloomberg sources.
Diamonds for Putin: Russia is still earning $ 20 bn on metals and gemstones
The EU and US still have sanctioned Russian precious metals and gemstones; moreover, Russia's mining industry continues to expand
The draft text of the 8th EU sanctions package targets Russian steel and cosmetics industry but not diamonds
The draft text of the 8th EU sanctions package on Russia will ban imports of several steel products,…
