US extends Russian diamond import license to 2027
The US extended the license for importing certain categories of diamonds from Russia – until September 2027.
Consensus
- The United States extended the license for importing certain categories of Russian-origin diamonds.
- The extension is valid until September 1, 2027.
- The license applies to diamonds that were physically outside Russia since March 2024.
- The license covers diamonds weighing 1 carat and more, and those weighing 0.5 carat and more.
- The extension applies to operations previously prohibited by the February 8, 2024, determination.
Points of divergence
- Russian diamonds weighing 0.5 carats and more must have been outside Russia since September 1, 2024. — vesti
- The license applies to diamonds that were outside Russia before March 2024 and not re-exported to Russia afterward. — interfax
- The ban on importing Russian non-industrial diamonds and diamonds into G7 countries was announced in December 2023. — interfax
- The license was issued by OFAC, a division of the U.S. Department of the Treasury responsible for sanctions enforcement. — interfax
- Before the license, Russian diamonds processed in India were freely entering the U.S. market. — interfax
- The Russian government decided to postpone the introduction of an export duty on diamonds. — vesti
Coverage (3 sources)
- USA extended the possibility of importing diamonds of Russian origin into the country — Вести
- USA extended by one year the permit for importing into the country diamonds of Russian origin — Интерфакс
- USA extended license for import of certain categories of diamonds from Russia – until September 2027. — РИА Новости (Telegram)