A Belgian official has reportedly indicated that a ban on the imports of Russian diamonds will be agreed by the G7 over the coming weeks. The ban will supposedly consist of a direct ban on purchases from 1 January 2024 as well as an indirect ban to come into effect more gradually.
The G7 previously promised to “reduce the revenues that Russia extracts from the export of diamonds” at the Hiroshima Summit in May (previous post) at the same time as the UK Prime Minister announced the UK’s plan to introduce legislation this year banning the import of Russian diamonds, copper, aluminium, and nickel (previous post).
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Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human...