Sanctions against the Russian Federation: EU will ban Russian diamonds since the beginning of 2024 - Reuters

This prohibition will act within the 12th package of sanctions, designed to limit the ability of the Russian Federation to finance the continuation of the war against Ukraine. This was reported by Reuters. The document discussed on November 17 by representatives of 27 governments of the EU Member States also provides a ban on the import, purchase and transmission of diamonds traveling through Russia through Russia, as well as Russian diamonds, cut and polished in third countries, such as India.

According to journalists, the sentence states that the ban will apply to non -industrial natural and synthetic diamonds and jewelry with diamonds since January 2024. It will be gradually introduced from March 1 to September 1, the ban on imports of Russian diamonds processed in third countries. Such a sanction will act, in particular, on jewelry with Russian diamonds.

"This step -by -step introduction of indirect import prohibitions takes into account the need for deployment of the relevant tracking mechanism, which provides effective law enforcement measures and minimizes failures for market participants," - said in a sentence with which the information agency was introduced. 11 Package of sanctions against Russia was approved at the end of June 2023. It included measures aimed at combating Russia's roundabout restrictions.

"The package includes measures aimed at counteracting the bypass of sanctions and individual listings," the statement said. 12 Package of sanctions, provides restrictions on technology used by Russia for military purposes. These are welding machines, chemicals, lithium batteries, drone engines and more. The possibility of imposing sanctions for diamond exports from January 1 is also considered.