Wednesday | 15 January 2025 | Reg No- 06
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Wednesday | 15 January 2025 | Epaper

EU sanctions Russias largest diamond producer Alrosa

Published : Thursday, 4 January, 2024 at 12:00 AM  Count : 259
BRUSSELS, Jan 3: The European Union on Wednesday imposed sanctions on Russias state-run diamond giant Alrosa and its CEO as part of a ban on imports of the precious stones over the Ukraine war.

The EU in December agreed to prohibit diamonds exported from Russia as it tightens sanctions to further sap the Kremlins coffers.

The 27-nation bloc added Alrosa, the worlds largest diamond mining company, and its chief executive Pavel Marinychev to a blacklist subject to a visa ban and asset freeze in the EU.

The EU said the company -- which accounts for 90 percent of Russias diamond production -- "constitutes an important part of an economic sector that is providing substantial revenue to the government."     â€”AFP



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