Belgium Calls For Global Boycott of Russian Diamonds

By John Jeffay / January 30, 2023 / www.idexonline.com / Article Link

(IDEX Online) - Belgium's prime minister has again said opposes an EU ban on Russian diamonds, calling instead for a global boycott.Alexander De Croo (pictured) was speaking as the 27 EU members prepared to implement a 10th round of sanctions.He said the only effective way to stem the ongoing flow of Alrosa's goods would be if all Western nations signed up to a ban, backed by a watertight traceability system."Russian diamonds are blood diamonds," he said in a statement to the Politico, the Brussels-based politics website."The revenue for Russia from diamonds can only stop if the access of Russian diamonds to Western markets is no longer possible. On forging that solid front, Belgium is working with its partners." Belgium's imports of Russian gem quality diamonds have fallen by an estimated 80 per cent, largely because of unofficial boycotts by individual jewelers.

Recent News

Smaller juniors still financed even in more cautious market

January 13, 2025 / www.canadianminingreport.com

Gold stocks shrug off equity market decline on metal gain

January 13, 2025 / www.canadianminingreport.com

Geopolitical risk outlook unclear after US election

January 06, 2025 / www.canadianminingreport.com

Low valuations offer a cushion to mining sector

January 06, 2025 / www.canadianminingreport.com

Polarized gold and iron ore moves, moderate aluminum and copper gains

December 30, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok