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UK to ban all Russian diamond imports

UK Prime Minister Rishi Sunak announced that the nation would ban all Russian diamonds imports, as well as imports of copper, aluminum and nickel. The UK had previously instituted sanctions against Russia, including doing business with Alrosa, the country’s largest diamond miner, and increased import duties by 35 percentage points on a range of precious and semiprecious stones and metals.

“As today’s sanctions announcements demonstrate, the G7 remains unified in the face of the threat from Russia,” Sunak noted. “The UK has already taken a lead on action on Russian diamonds…. Today’s announcement goes further…. Sanctions imposed on Russia by the UK and our G7 partners are having a clear and progressive impact in degrading [Russian President Vladimir] Putin’s war effort.”

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