Russia is working on a response to European sanctions against Russian diamonds, said Artem Studennikov, director of the first European department of the Ministry of Foreign Affairs. Ban on diamond imports from Russia has been approved countries of the European Union on December 18, 2023.
According to Artem Studennikov, sanctions will lead to Belgium losing its status as a global diamond trading center and will be replaced by “countries far from Brussels.” He added that in such conditions, companies prefer to move to other countries. “When making decisions on response measures to unfriendly steps, we are invariably guided by the tasks of effectively ensuring the national interests of our country and the sustainability of the global diamond industry as a whole,” said Mr. Studennikov “RIA News”.
A ban on the import of non-industrial diamonds mined, processed or produced in Russia became part of the 12th package of EU sanctions. The restrictions came into force on January 1, 2024. In addition, from March 1, EU countries will begin to gradually limit the import of Russian diamonds processed in third countries. February 8 on the ban on the import of diamonds from Russia announced also USA.
Read more about the 12th package of sanctions against Russia in the material “Remove after defrosting”.