EU makes U-turn on sanctioning world’s largest diamond miner — reports ...News

Russia’s Alrosa was reportedly excluded from the new sanction list after Belgium blocked an EU embargo Alrosa, the Russian state-run diamond miner, has been excluded from the EU’s next round of sanctions, the EUobserver reported on Wednesday, citing European Commission papers. The world’s largest diamond mining operation by volume was initially listed in the draft proposal of the bloc’s eighth sanction package. The enterprise allegedly provided direct financing of a new Russian naval submarine and fed billions of euros a year into the military budget. However, Alrosa stayed off the final list that includes 29 indi

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