Israeli Diamond Traders Fund Putin’s War Machine in Ukraine
Despite new sanctions over Ukraine war, a loophole lets traders sell Russian diamonds in the U.S. – as long as they are first polished in Israel
A week ago, Ukrainian President Volodymyr Zelenskyy spoke to the Belgian parliament. Because of the interests of the European diamond industry, he said, the European Union has refrained thus far from imposing restrictions on the import of diamonds from Russia. “We’re fighting a tyranny that wants to dismantle Europe and to eliminate those who sanctify freedom… But there are people to whom Russian rough diamonds [diamonds in their natural state], which are sometimes sold in Antwerp too, are more important,” he said during a videoconference from besieged Kyiv.
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