Canada bans import of Russian diamonds and jewelry
Date: 2023-12-07 Author: Кирило Загоруйко Categories: WORLD
Canada, in coordination with its G7 partners, is introducing new import restrictions on Russian diamonds and diamond jewelry, the Canadian government said, citing a statement by Foreign Minister Mélanie Joly.
She said Canada will continue to work with the G7 and other international partners to implement comprehensive controls to ensure compliance with the ban on Russian diamonds.
“Implementing this ban in cooperation with our G7 partners sends a clear message to Russia: we will not tolerate the use of Russian diamond revenues to finance war,” the foreign minister said.
The Canadian government emphasized that Russia is the world's largest producer of rough diamonds, with production estimated at more than $3.5 billion in 2022. The Russian Federation is also a significant global exporter of diamonds and diamond products, with the value of its total exports exceeding $3.9 billion last year.
