The European Union, the United States and the United Kingdom restrict the trade of Russian diamonds

Both the United Kingdom and the United States announce additional sanctions to those implemented by the EU

May 19. (EUROPE PRESS) –

The President of the European Council, Charles Michel, confirmed this Friday that the European Union is going to restrict the trade in Russian diamonds, a new sanction that seeks to “disconnect Russia from its suppliers”.

During his visit to Japan on the occasion of the G7 Summit, Michel announced that the EU is focused on “closing the door on legal loopholes” that the Kremlin is taking advantage of to “continue fanning the flame of war in Ukraine”. .

The European Union, he has assured, continues “to send Ukraine what it needs, equipment, ammunition, in the shortest possible time.”

THE UNITED KINGDOM JOINS THE RESTRICTION AND ADDES MORE SANCTIONS

The United Kingdom has also advanced that it joins these new sanctions against Russia, thus trying to damage the industry – of 4,000 million dollars (3,700 million euros) in exports – of Russian diamonds.

It has also confirmed that they will impose their own sanctions on various metals of Russian origin, specifically copper, aluminum and nickel. In addition, the government is preparing a new battery of sanctions that will target 86 people and companies related to Russian President Vladimir Putin and the military industry in Moscow.

THE UNITED STATES ANNOUNCES A PACKAGE OF NEARLY 300 SANCTIONS

On the other hand, the United States has informed through a White House official of the next steps to follow in the policy around Russia: “You will see, first, significant efforts to further disrupt Russia’s ability to supply itself with imports for its war. Two, you will see efforts to crack down on (sanctions) evasion. Three, you will see more measures to reduce dependence on Russian energy. Four, you will see continued efforts to restrict Russia’s access to the international financial system. And, Five, you will see a continued commitment to keep Russia’s sovereign assets immobilized until the end of the war.”

Specifically, the official explained that during these meetings in Japan, the G7 countries are preparing to implement new sanctions, such as those already announced by the European Union, in addition to confirming that the United States will impose its own new sanctions package, regardless from other nations, with the aim of “increasing economic pressure on Russia”.

It has also detailed that they will impose nearly 300 new sanctions against Russian individuals, entities and aircraft, which will affect Russia’s “enablers” in Europe, the Middle East and Asia.