International
11:18 10 December 2023
Post by: WBJ

G7 to impose sanctions on Russian diamonds

G7 to impose sanctions on Russian diamonds
Source: Photo by Edgar Soto on Unsplash

Sanctions on Russian diamonds from the G7 countries will come into effect in January. The decision to take decisive action against this still-unblocked sector of Russian trade was taken by G7 representatives yesterday (December 6).

Russian diamonds are considered to be of exceptional quality; the characteristic cut of this country is also appreciated. In 2021, the revenues from the trade in Russian diamonds amounted to approximately $4 billion.

(EURACTIV.pl

russia
g7
diamonds

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