The restrictions would include direct and indirect trade in precious stones An embargo on imports of Russian diamonds that the Group of Seven (G7) countries have been considering for over a year is expected to be approved in the next two to three weeks, a Belgian government official revealed on Friday. The regulation would come into effect on January 1, imposing a direct ban on purchases, along with an indirect embargo that would be phased in gradually, the official noted. Attempts to sanction Russian diamonds have met resistance from major gem importers such as Belgium, which is home to the world's biggest diamon
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