Russia Bans Imports of Diamonds from Ivory Coast


March 22, 2006

Russia Bans Imports of Diamonds from Ivory Coast

Falling in line with a United Nations Security Council resolution in December 2005, Russia has issued a decree to ban imports of diamonds from the Ivory Coast.

Russia has decided to bar entry of uncut diamonds from the Ivory Coast in line with a United Nations Security Council resolution, according to a presidential decree issued on Wednesday. The decree also calls for financial sanctions against individuals in the Ivory Coast who have committed human rights violations.

The decree is a symbolic move for Russia, which is known for its highly secretive diamond trade, making it a popular destination for "conflict diamonds" from war-torn countries such as the Ivory Coast and Liberia. Russia has played its part in the fight against conflict diamonds by chairing the Kimberly Process until Botswana took over the chairmanship in January 2006, and is currently the chair of the Kimberley Process Participation Committee.



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