India urges G7 to postpone ban on Russian diamonds - media
Kyiv • UNN
India has asked the G7 to postpone the ban on Russian diamonds, citing unclear traceability rules and concerns about data sharing for its diamond industry.
India has urged the Group of Seven (G7) countries to postpone the introduction of a ban on Russian diamonds under the 12th package of sanctions against Russia. India considers the rules for tracing the origin of precious stones "unclear," two sources with knowledge of the matter told Reuters, UNN reports.
Details
"The timeframe for introducing restrictions on indirect imports (of diamonds - ed.) from Russia within three to four months is inappropriate, as the rules for tracking the origin of gems are unclear," said one of the sources.
India has also expressed its objections to the G7's new system of "traceability-based verification and certification" of diamonds, which may require the exchange of data on Indian enterprises, the first source said.
Some data may be sensitive and businesses may not feel comfortable sharing such information, he said.
Addendum
India is home to 90% of the world's diamond and granite industry. This industry employs millions of people in small and medium-sized firms.
Earlier this month, a government official said that the country expects minimal disruption to trade because India mainly handles small Russian diamonds. However, the proposed ban will affect the diamond supply chain, industry representatives say.
In the first seven months of the current fiscal year, which began in April, the country's diamond exports fell by 29% to $10 billion. Last fiscal year, which ended March 31, the country exported more than $22 billion worth of diamonds.
Recall
On December 18, the EU Council officially adopted the 12th package of economic and individual sanctions against Russia, which includes, among other things, a ban on the import, purchase or transfer of Russian diamonds.
India urges G7 to postpone ban on Russian diamonds - media
Russia confiscates energy assets from "unfriendly" European countries
Enemy attack on Poltava region: fragments, probably of the occupiers' drone, fell on a residential building
The EU has taken the first step towards allowing wolf hunting
Movement of enemy drones spotted in Kyiv region, air defense is in operation - OVA
Yavoriv toys as a gift to the Pontiff as a reminder of Ukrainian children
The occupation court of Crimea fined the Muslim community "Alushta" for 100 thousand rubles for keeping books of Islamic theologians - "Crimean Solidarity"
Zelenskyy holds a series of important meetings: the focus is on journalists' access to the frontline
"Cotton" in occupied Donetsk: what is known
Defense needs, humanitarian demining and the restoration of Ukraine: Zelenskyy talked to the Prime Minister of New Zealand
Popular
Hunting for a mole: why Yulia Tymoshenko's MP closed his declarations
Air Force answered whether Ukraine is ready to receive new F-16 aircraft
Britain has sent Ukraine a new military aid package: what it includes
Changes in the Government: MP announces consideration of personnel issues in the Verkhovna Rada this week
A comet fragment illuminates the sky over Spain and Portugal
Publications
The death of Iran's president: who was Raisi and what is known about his successor
Hunting for a mole: why Yulia Tymoshenko's MP closed his declarations
Attempt on the Prime Minister of Slovakia: xenophobia and the Russian trace
The law on strengthening mobilization: what will change after May 18 for those liable for military service
The Housing Capital case: where did the billions go?
India urges G7 to postpone ban on Russian diamonds - media
India has asked the G7 to postpone the ban on Russian diamonds, citing unclear traceability rules and concerns about data sharing for its diamond industry.
Russia confiscates energy assets from "unfriendly" European countries
Putin has signed decrees on Russia's confiscation of energy assets from European companies considered "unfriendly," which will affect Germany's Wintershall and Austria's OMV. Compensation will be determined by Russia.
Enemy attack on Poltava region: fragments, probably of the occupiers' drone, fell on a residential building
Debris from a suspected hostile drone hit a residential building in Myrhorod district of Poltava region, no one was injured. The damage will be assessed by a commission.
The EU has taken the first step towards allowing wolf hunting
The European Commission is planning to lower the protected status of wolves by allowing hunting. This is the result of pressure from farmers and hunters
Movement of enemy drones spotted in Kyiv region, air defense is in operation - OVA
Residents of Kyiv region were urged not to photograph or film the work of Ukrainian defenders.
Yavoriv toys as a gift to the Pontiff as a reminder of Ukrainian children
On Christmas Eve, the Ambassador of Ukraine to the Holy See presented Pope Francis with traditional Yavoriv toys symbolizing a reminder of the children suffering in Ukraine because of the war.
The occupation court of Crimea fined the Muslim community "Alushta" for 100 thousand rubles for keeping books of Islamic theologians - "Crimean Solidarity"
A Russian-controlled court in Crimea has fined the Alushta Muslim community 100,000 rubles for possessing Islamic theological books in what was seen as a continuation of religious persecution.
Zelenskyy holds a series of important meetings: the focus is on journalists' access to the frontline
President of Ukraine Zelenskyy discussed improving communication about the war, including better access for journalists to the front line. He also analyzed the effectiveness of shelters.
"Cotton" in occupied Donetsk: what is known
According to the Telegram channel, a trolleybus depot on Shchorsa Street allegedly came under fire.
Defense needs, humanitarian demining and the restoration of Ukraine: Zelenskyy talked to the Prime Minister of New Zealand
President Zelenskyy thanked the New Zealand Prime Minister for his support against Russia and discussed further cooperation in defense and recovery. They also discussed the upcoming Global Peace Summit.