The media reported possible sanctions by the G7 countries against the Russian diamond mining company Alrosa.
G7 countries may agree to impose sanctions on 1-carat diamonds from Russian diamond mining company Alrosa during the summit, which will be held May 19-21 in Hiroshima. This was announced on Wednesday, April 12, by The Economic Times, citing jewelry industry leaders.
“We have heard from various sources that there will be new sanctions that will initiate measures against large diamonds,” said Vipul Shah, Chairman of the Indian Gem and Jewelery Export Promotion Council.
About 90% of the world’s diamonds are currently cut and polished in India, the newspaper wrote.
It was previously reported that the US Treasury has announced new sanctions against Russia.
The United Kingdom has also imposed additional sanctions against the Russian Federation.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.