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G7 leaders To Discuss Sanctioning Russia’s Billion-dollar Diamond Trade

By Angel Gimalo
85

An EU Official Says G7 Leaders Meeting In Japan Will Discuss Sanctioning Russia’s Billion-dollar Diamond Trade, Hoping To Further Starve Moscow Of Funds For Its War In Ukraine.

Russia Exported Almost $5 Billion Worth Of Diamonds In 2021, According To The Observatory Of Economic Complexity, A Trade Data Project Linked To The Massachusetts Institute Of Technology.

The United Arab Emirates, India And EU Member Belgium Were Among The Top Importers.

The EU Official Said Indian Buy-in Would Be Vital To Make Sure Any Sanctions Regime Had Maximum Impact.

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