https://www.miningweekly.com

Russia: World market can't make up for sanctions on supply of Russian diamonds

14th November 2023

By: Reuters

  

Font size: - +

MOSCOW - Deputy Finance Minister Alexei Moiseev said on Tuesday the world diamond market had no way of making up for the loss of Russian diamonds owing to Western sanctions.

"An artificial restriction of the supply of diamonds on world markets on the scale of Russian production cannot be compensated from other sources, as these do not exist," Moiseev said.

The Group of Seven major Western powers has been weighing various proposals on how to track the origin of diamonds coming into Western markets, and a senior European Union diplomat has said the bloc is waiting for this in order to impose sanctions on Russian diamonds.

To watch Creamer Media's latest video reports, click here
 

Edited by Reuters

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Sweet-Orr
Sweet-Orr

Sweet-Orr, established in 1871, is a global leader in superior protective workwear, known for quality, innovation, and performance.

VISIT SHOWROOM 
ESAB showroom image
ESAB South Africa

ESAB South Arica, the leading supplier of high-end welding and cutting products to the Southern African industrial market is based in...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.045 0.236s - 111pq - 2rq
Subscribe Now