EU Sanctions Alrosa and its CEO
January 04, 24
(IDEX Online) - The EU has sanctioned Alrosa and its CEO Pavel Marinychev, almost two years after Russia invaded Ukraine.
"In line with the diamond ban we have introduced with the 12th package of sanctions, the EU today lists Alrosa, the largest diamond-mining company in the world and its CEO," EU foreign policy chief Josep Borrel said yesterday (3 January) on X, formerly Twitter. "This is part of our coordinated efforts at G7 level."
The US sanctioned Alrosa, Russia's state-controlled diamond miner, back in April 2022, and blacklisted Marinychev personally in July 2023, shortly after he took over from Sergey Ivanov, who was also sanctioned.
The European Council announced its additional restrictive measures against "one person and one entity" on 3 January.
"The new listings target the company PJSC Alrosa and its CEO Pavel Alekseevich Marinychev," it said in a statement.
"PJSC Alrosa is the largest diamond-mining company in the world, owned by the Russian state and accounts for over 90% of all Russian diamond production."
Pic of Pavel Marinychev