The EU has added Russia’s Alrosa, the world’s largest diamond-mining company by output and its chief executive Pavel Marinichev to its sanctions list in response to Moscow’s ongoing war in Ukraine.
The designation announced on Wednesday is part of a G7 ban on imports of Russian diamonds that came into effect on January 1. The ban exempts Russian diamonds processed in third countries — but the exemption will be phased out by September 1 this year.
By listing Alrosa and its chief, the EU seeks “to deprive Russia of this important revenue source”, EU foreign policy chief Josep Borrell wrote on the social media platform X.
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