US President Joe Biden and other G7 member countries supported introducing a ban on importing diamonds of Russian origin.
What is known about the G7 ban on Russian diamonds
It is noted that the prohibition of importing diamonds of Russian origin should come into effect on January 1 next year.
During the year, a ban on purchasing diamonds of Russian origin will be gradually implemented.
According to the new measures, countries will ban non-industrial diamonds from Russia until January, and Russian diamonds sold by third countries from March.
According to the publication, the G7 leaders also plan to tighten controls on Russia's use of the international financial system and introduce more sanctions to ensure a cap on the price of Russian oil.
What is known about Russian oil revenues against the background of sanctions
According to Bloomberg, Russia's monthly income from oil sales this year was even higher than before the criminal invasion of Ukraine.
Official Indian customs data show the price paid for Russian oil has averaged $72 a barrel this year. This is $12 more than the prices declared by Russia's export restrictions, the publication notes.
The article's authors draw attention to the fact that the sanctions imposed by the West against Russian oil exports are ineffective.
Due to establishing a price limit on Russian oil, the aggressor country was forced to create a so-called "shadow fleet", which allowed the Kremlin to sell oil to bypass sanctions.
This year, about 45% of Russian oil exports were carried out through shadow schemes, establishing this method as effective until the Western countries find an effective countermeasure.
Income from income tax, Russia's net income from the sale of oil in October amounted to 11.3 billion dollars, which is 31% of the total net income of the country's budget for the month. This is the highest indicator since May 2022 and exceeded any other month in the year before the invasion of Ukraine, the authors of the material note.
At the same time, the circumvention of sanctions does not go unnoticed. As noted, the US Treasury now aims to increase Russia's costs for oil transportation.
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- Economics
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- Додати до обраного
