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US sanctions Russian Diamond company Alrosa

Date: 09 April 2022 Tags: Miscellaneous
  • US government has announced stringent sanctions on Russian Diamond company Alrosa, which has a significant presence in India.
  • Diamond has been a major component of India-Russia trade in recent years and the sector also received attention at the top political level.
  • Alrosa which has been recognised as a state-owned entity (SOE) by the U.S. Department of the Treasury was targeted by the U.S. authorities during the beginning of the conflict in Ukraine.