The European Union has imposed sanctions on Russia's state-run diamond giant Alrosa and its CEO, as part of a ban on imports of precious stones over the Ukraine war. The new restrictions were imposed against the largest Russian diamond mining company, Alrosa, and its CEO. Alrosa is responsible for over 90% of the Russian diamond market. Russian diamond miners generate about $4.5bn in revenue each year, and the new diamond sanctions by the G7 and the European Union are as much symbolic as they are practical.
🇪🇺 The #EU continues resisting #Russia and imposes new sanctions against the terrorist state. This time, new restrictions were imposed against the largest Russian diamond mining company, Alrosa, and its CEO. Alrosa is responsible for over 90% of the Russian diamond market. https://t.co/J9JS4bTOjl
Russian diamond miners generate about $4.5bn in revenue each year. That is peanuts compared with the revenue from Russia’s oil and gas exports. But new diamond sanctions by the G7 and the European Union are as much symbolic as they are practical https://t.co/rH3rvrdsmw 💎
Why has it taken so long to impose sanctions on Russia’s diamond industry—and what impact will they have? We explain https://t.co/fnKfeAq9Ro 💎
EU levels new sanctions against Russia diamond mining giant https://t.co/WAvaG8cCxV https://t.co/VRQLrdzp67
The #EuropeanUnion has imposed sanctions on Russia’s state-run diamond giant #Alrosa and its CEO as part of a ban on imports of the precious stones over the #Ukraine war. https://t.co/yh2JRFB1gj
💎🙌🏻 Ban on Russian diamonds: EU imposes sanctions on diamond mining giant Alrosa https://t.co/znd3VdWmiA