EU imposes sanctions on Russia's largest diamond mining company and its CEO
On Wednesday, January 3, the EU added Alrosa, which accounts for more than 90% of Russia's diamond production, and its CEO Pavel Marinychev to its sanctions list
This is stated on the website of the EU Council.
"The new listings target the company PJSC Alrosa and its CEO Pavel Alekseevich Marinychev. PJSC Alrosa is the largest diamond-mining company in the world, owned by the Russian state and accounts for over 90% of all Russian diamond production, and the company constitutes an important part of an economic sector that is providing substantial revenue to the government of the Russian Federation," the EU Council said in a statement.
According to the statement, the sanctions were imposed because the activities of the company and its director undermine or threaten the territorial integrity, sovereignty and independence of Ukraine. They are in addition to the 12-pack of EU economic sanctions against Russia, which include a ban on imports of Russian diamonds.
On December 18, the EU approved the 12th sanctions package against Russia. It contains a ban on the direct or indirect import, purchase or transfer of diamonds from Russia.