The media reported on the possible sanctions of the G7 countries against the Russian diamond mining company Alrosa.
The G7 countries may agree to impose sanctions on 1-carat diamonds from the Russian diamond mining company Alrosa during the summit, which will be held May 19-21 in Hiroshima. This was reported by The Economic Times on Wednesday, April 12, citing the leaders of the jewelry industry.
“We have heard from various sources that there will be new sanctions that will start with measures on 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 writes.
Earlier it was reported that the US Treasury announced new sanctions against Russia.
The United Kingdom has also imposed additional sanctions against the Russian Federation.
