International news 1:28 pm 2023-12-15
The British Ministry of Foreign Affairs released a statement stating that England intends to enforce a ban on diamond imports from Russia from January 1, 2024.
The statement said that “The British government is introducing another law to ban the import of diamonds from Russia and plans to implement a ban on ancillary services related to metals, working with foreign partners.”
The ban will come into effect on January 1, 2024. Britain has also banned the export of certain products at risk for military and industrial use. This includes mechanical parts and electronic equipment as well.
In total, Britain has blacklisted more than 1,800 Russian individuals and companies since Russia began special military operations in Ukraine. This includes 29 banks, which account for 90% of the Russian banking sector.
The British Foreign Office believes that the sanctions caused British imports from Russia to fall by 94% in 2022, while UK exports to Russia fell by 74% in 2021.
By InfoQuest News Agency (15 Dec ’23)
Tags: Russia, English, diamond
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