In what could be a significant blow to Russia, the US has designated state-run mining company Alrosa in its Specially Designated Nationals (SDN) roster, which increases sanctions that carry substantial economic impacts on Russian companies.
In what could be a significant blow to Russia, the US has designated state-run mining company Alrosa in its Specially Designated Nationals (SDN) roster, which increases sanctions that carry substantial economic impacts on Russian companies.
Far-reaching global sanctions against Russia for its invasion of Ukraine are affecting the global supply of a precious commodity the diamonds used in jewelry.
Key supply of diamonds caught up in Russia sanctions ktvz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ktvz.com Daily Mail and Mail on Sunday newspapers.
Key supply of diamonds caught up in Russia sanctions ktvz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ktvz.com Daily Mail and Mail on Sunday newspapers.
With the ongoing economic sanctions imposed on Russia, mining company Alrosa has suspended its membership from the Natural Diamond Council (NDC) and vice-chairmanship of the Responsible Jewellery Council (RJC).
Russian diamond producer Alrosa has reported a 50 per cent increase in total revenues for 2021, thanks to the worldwide increasing demand for rough and polished diamonds, based on the company’s fourth quarter and 12-month financial report.
The US government has named Russian state-run mining company Alrosa as one of the companies facing “expansive economic measures” and which is expected to impact the worldwide supply and trading of diamonds.