US reconsidering Russian diamond ban – Reuters ...News

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US reconsidering Russian diamond ban – Reuters
source : Russia Today ( News ) () 86
Authorities in Washington reportedly have doubts over a gem-tracing mechanism due to be introduced later this year The US is re-evaluating a ban on Russian diamonds, introduced by the EU and G7 last year, due to multiple complaints from the industry, Reuters reported on Friday, citing sources. A direct embargo on Russian diamonds, part of the West’s sanctions against Russia over the Ukraine conflict, came into effect in January and was followed by phased-in restrictions on indirect imports from March 1. Later this year, Western countries also plan to introduce a tracking mechanism for inspecting unprocessed stones

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