Russian leadership dismisses suggestions of sanctions

Russian leadership dismisses suggestions of sanctions - Artificial Jewellery

A key figure in Russia’s foreign ministry has offered rare insight into Russia’s interpretation of proposed European economic sanctions on the diamond trade.

Representatives have typically been tight-lipped about sanctions being placed on Russia’s mining industry, which accounts for approximately one-third of the global supply of diamonds.

Dmitry Birichevsky, head of the economic cooperation department, told Sputnik that Russia holds a reputation as a leading figure in the terms of international standards. 

“It is clear that the restrictive measures that are being developed, whatever they may be, risk disrupting established supply chains and thus inimical to the interests of the diamond industry as a whole. In this regard, westerners are trying to provide a plausible pretext for their irresponsible actions, including on various international platforms,” Birichevsky said. 

“At the same time, Russian manufacturers are exceptionally responsible market participants, whose activities not only meet, but often exceed international standards and are in many ways a model for others.”

Despite retaliatory economic sanctions from the EU, US, and others, Russian diamond sales in Europe have increased following the invasion of Ukraine.

Birichevsky added: “For our part, we consistently counter attempts to deliberately distort the foundations and principles of the relevant multilateral formats that determine the functioning of the global diamond market. It is encouraging that a vast majority of industry representatives share our approaches.”

The EU is currently preparing an 11th round of sanctions, with the most recent installed in late February, marking one year since the conflict began.

Prime minister Mateusz Morawiecki recently addressed the issue, telling Polish media that he expects the next round of sanctions to target Russia’s energy sector and diamond trade.

More reading
Reputations at stake as Russian diamond trade survives sanctions
Diamonds in the spotlight as new EU sanctions approach
Diamond mining CEO calls for further sanctions on Russia
Rumours suggest Ivanov to depart Alrosa
Diamonds likely spared in latest round of Russian sanctions
Diamond sales continue in secret, regardless of Russian sanctions


Source link

Web Stories
Artificial Jewellery
Enable registration in settings - general
Compare items
  • Total (0)
Beautiful Wedding Rings Earring – A look into the finest Beautiful Collection of AD Pendants Have you bought a promise ring yet? There a necklace for everyone. AD – A Collection of Beautiful Earrings. American Diamond Earrings. A collection of Artificial Jewellery – Rings Necklaces and Sets – Artificial Jewellery Trending Anklets Design Trendy Earrings Collection for Women Online Latest Trending Nose Rings Designs American Diamond Finger Ring American Diamond Necklace Designer Jewellery Royal Jewelley Earrings Trending Combo Sets
Shopping cart