Tuesday, April 23, 2024
spot_img

Canada announces additional ban on imports of Russian diamonds

Date:

Share post:

spot_img
spot_img

Shillong, March 2: Canadian Minister of Foreign Affairs Melanie Joly has said that Canada is imposing additional import restrictions on Russian diamonds.

This ban further builds on Canada’s December 2023 import restrictions on diamonds and diamond-jewellery-related products from Russia by targeting indirect imports of Russian diamonds weighing 1 carat and above, Joly said on Friday in a statement.

It is consistent with the commitments made in February, May and December 2023 by the G7 leaders to reduce the revenues from the export of non-industrial diamonds from Russia, she added as quoted by Xinhua news agency report.

According to the statement, Russia is the world’s largest rough diamond producer and also a significant global exporter of diamonds and diamond products.

The value of Russia’s total exports exceeded nearly 5.2 billion Canadian dollars ($3.8 billion) in 2022.

Together, G7 countries represent 70 per cent of the world diamond market, the statement added. (IANS)

spot_img
spot_img

Related articles

Ethnic origins: staying with the science

Editor, The article by Bhogtoram Mawroh, “History of the sub-continent and the place of the Khasis in it” in...

Sexual crimes on the rise

The report of sexual assaults on two minors in South West Garo Hills sends a chill up the...

Meghalaya and UPSC Civil Services Exams

By Rudi Warjri Polling for the Lok Sabha Parliamentary elections 2024 is over in Meghalaya. For most it means...

A BJP slide is not unlikely

By Jagdish Rattanani It is never easy or safe to read the mood of the nation, particularly in the...