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EU sanctions Russia’s largest diamond producer Alrosa

# Belgium insists on a tracing system for Russian diamonds as the European Union imposes sanctions on the world’s largest diamond mining company, Alrosa, and its CEO, Pavel Marinychev. Due to the ongoing conflict in Ukraine, the EU’s ban on Russian diamond imports, effective from Monday, targets an economic sector contributing substantial revenue to the Russian government. Alrosa, accounting for 90-percent of Russia’s diamond production, now faces visa bans and asset freezes. The sanctions are part of the EU’s efforts to tighten measures against the Kremlin.