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In a recent development, Ukraine has officially removed Shree Ramkrishna Exports (SRK), a prominent Indian diamond manufacturer and one of the world's largest, from its list of international entities suspected of supporting the Russian war effort
Ukraine has removed Shree Ramkrishna Exports (SRK), one of the world's largest diamond producers, from its list of international sponsors of war. The move came after Kyiv accused the Mumbai-based company of purchasing diamonds in Russia despite Western sanctions over Russia's invasion of Ukraine. SRK responded by stating that it had not purchased rough diamonds from Russia since January and had no plans to do so in the future.
Ukrainian authorities are zeroing in on embedded Chinese mega-corporations as Kyiv considers its future geopolitical alignment.
The National Agency on Corruption Prevention of Ukraine (NACP) has removed the Indian Shree Ramkrishna Exports company (SRK), one of the largest producers and exporters of diamonds in the world, from the list of international sponsors of the war.
The European Commission is reportedly preparing to release EUR 13 billion in frozen funds to Hungary to solicit further support for Ukraine, both in securing continued funding during the war and in launching talks for the country’s accession to the EU.