Russiaβs Finance Ministry has released a statement condemning the bid to have diamonds mined in Russia classified as blood diamonds.
On 17 August, Russiaβs Finance Ministry released a statement declaring efforts to classify Russia as non-compliant with Kimberley Process standards as demonstrating βa low level of awareness.β
βRussia has always been and remains an exclusively responsible participant in the Kimberley Process,β the statement reads.
βAttempts to question Russiaβs full compliance with the Kimberley Process Certification System are unfounded and speculative.
βRussia has advocated working to revise the definition over the past five years and has often been the only participant at the negotiating table trying to reconcile sometimes opposing viewpoints.β
The Finance Ministry also dismissed the move as βpolitical demagogy,β according to the New York Times. The statement also defended the countryβs environmental, social, and governance standards and said the sale of diamonds is crucial to the economy of the Republic of Sakha in Siberia.
βThe livelihoods of one million people of Yakutia fully depend on the stability of diamond mining in the region,β the statement reads.
In June, Kimberley Process representatives met in Botswana where a proposal was tendered by Ukraine, the EU, Britain, Canada, and Australia to broaden the recognised definition of conflict diamonds.
The KP currently defines βblood diamondsβ as diamonds sold to finance rebel groups. The proposal sought to expand that definition to include βstate actorsβ in order to include diamonds mined in Russia.
There are 85 participants of the Kimberley Process, which includes industry representatives and civil society organisations.
Russia, along with Belarus, the Central African Republic, Kyrgyzstan, and Mali voted against the proposal according to Reuters.
Russia produces more than one-third of the worldβs supply of rough diamonds, the vast majority of which are mined by Alrosa. The Russian Government owns 33 per cent of Alrosa. Russia reportedly exported $US4.5 billion in rough diamonds in 2021.
The UN established the Kimberley Process in 2003.
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