Sanctions force russia's largest diamond producer to cut production and lay off people - CPJ
Kyiv • UNN
russia's largest diamond mining company, alrosa, is closing mines and laying off staff due to the market crisis. The G7 and EU sanctions on russian diamonds have led to the loss of major markets.
The reduction in production and layoffs at russia's largest diamond mining company, alrosa, are the result of anti-russian sanctions. This is reported by the Center for Countering Disinformation, UNN writes.
Details
It is reported that layoffs have begun in russia's largest diamond mining company. The company's management explainsthat it is cutting production, closing mines and laying off some staff due to a "deep crisis in the market" and promises to resume production as soon as "markets recover.
This is another branch of russian industry that is entering a deep crisis due to Western sanctions. At the same time, ru-propaganda continues to convince everyone that "sanctions do not work." Although ordinary russians experience the exact opposite
The CPD adds that the decline in diamond production in russia is taking place against the backdrop of falling production and layoffs in a number of industries, such as oil refining, paper production, coal mining, etc. as a result of Western sanctions.
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In December 2023, the G7 countries and the EU imposed sanctions restrictions on the import of russian diamonds, which closed the main markets for russians. In particular, Switzerland adopted further measures of the 14th EU sanctions package against russia. The changes include clarification of the ban on russian diamonds and extension of the deadlines for issuing permits for withdrawal of investments from russia.
