British Prime Minister Rishi Sunak is using the G7 summit in Japan to double down on his support for Ukraine.
connected to Russian president Vladimir Putin.Alrosa, a Russian state-owned company, has already been sanctioned. In 2021, it mined close to a third of the world’s diamonds.
It was announced earlier this week that the company’s chief executive officer Sergey Ivanov Jr. is stepping down early; his contract doesn’t expire until 2025. Rumors of his exit started circulating in December 2022. He is being succeeded by Pavel Marinychev, a former government official in Yakutia, and CEO of Alrosa’s subsidiary JSC Almazy Anabara. His contract is suspected to be up for renewal in 2026.
The U.K. has frozen more than 18 billion pounds in Russian assets since the start of the attacks on Ukraine, as well as targeted 1,500 individuals and entities. “In order to reduce the revenues that Russia extracts from the export of diamonds, we will continue to work closely together to restrict trade in and use of diamonds mined, processed or produced in Russia and engage with key partners with the aim of ensuring effective implementation of future coordinated restrictive measures, including through tracing technologies,” said U.S. PresidentLast year the U.K. joined the U.S.
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