“As the sanctions announced today show, the G7 remains united in the face of the threat from Russia and unwavering in its support for Ukraine,” British Prime Minister Rishi Sunak said on the sidelines of the G7 summit, which will opens Friday in Hiroshima, in the west of the country. Japan.
Meanwhile, British Foreign Secretary James Cleverly has announced that Russian assets will remain frozen until Russia agrees to pay for the damage it has caused in Ukraine, indicating that British sanctions target the parties involved in the theft of Ukrainian grain exports in addition to advanced military technologies and will affect 86 people and entities in Moscow.
Russia will export diamonds worth an estimated $4-5 billion in 2021.
G7 heads of state and government are expected to discuss a series of new sanctions against Russia, including US moves to include 70 additional Russian and foreign entities on a US trade blacklist.
European Council President Charles Michel said on Friday that the European Union would target the lucrative trade in Russian diamonds, as part of an effort to reduce Moscow’s ability to finance the war in Ukraine.
“We will limit the Russian diamond trade,” Michel told reporters as G7 leaders gather for a summit in the Japanese city of Hiroshima.
The United Arab Emirates and India, as well as Belgium, a member of the European Union, are major importers of diamonds.
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