West indian countries

Western countries call for labeling Russian diamonds as bloody – Reports

MOSCOW (UrduPoint News/Sputnik – Aug 17, 2022) The United States, European Union and Canada have called for calling Russian diamonds “bloody” because of the conflict in Ukraine, The New York Times reported, citing American officials.

Western countries have taken action against Russian gemstones because “the proceeds of this (diamond) production benefit the same state that is waging a premeditated, unprovoked and unjustified war,” a US State Department official said. , George Cajati, in a letter. to the organization of the Kimberley Process, quoted by the New York Times.

The Kimberley Process was established in 2000 by a United Nations resolution to prevent the flow of “conflict” or “blood” diamonds, which have been illegally mined and whose proceeds are used to fund regional conflicts and terrorist groups.

At the Kimberley Process meeting in Botswana in June, the issue of Russian diamonds was discussed, but no tangible results were achieved after the process was blocked by Russia, China and Belarus, the newspaper reported. .

After that, the participants began to discuss whether Russia should participate in the sessions, but in any case, all decisions of the organization must be adopted unanimously by the 80 member countries.

According to the report, the United States banned the import of Russian rough diamonds as soon as Russia began its special operation in Ukraine, but there is a loophole in American law: the ban only applies to rough gemstones , which change their country of origin after being processed. Russian diamonds still enter the United States because Russia ships its gemstones to India for polishing, so they become of Indian origin, the New York Times explained.

Attempts by Western countries to label Russian diamonds as “bloody” have not yet succeeded. Russia’s Finance Ministry told The New York Times that the attempts are nothing but “political demagoguery”, adding that diamond revenues have funded the development of the country’s social infrastructure.

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