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| Kremlin responds to EU diamond sanctions | Kremlin responds to EU diamond sanctions |
| (about 4 hours later) | |
| The ban can be circumvented, spokesman Dmitry Peskov says | The ban can be circumvented, spokesman Dmitry Peskov says |
| Russia will bypass EU restrictions on the export of the country’s diamonds, Kremlin spokesman Dmitry Peskov told journalists on Tuesday. | Russia will bypass EU restrictions on the export of the country’s diamonds, Kremlin spokesman Dmitry Peskov told journalists on Tuesday. |
| Responding to questions related to the latest package of the bloc’s sanctions against Moscow, Peskov insisted that the ban will not work. | Responding to questions related to the latest package of the bloc’s sanctions against Moscow, Peskov insisted that the ban will not work. |
| “It [the diamond ban] was predictable, we were preparing for it,” the official stated. “There are ways to circumvent these sanctions, and they will be realized.” | “It [the diamond ban] was predictable, we were preparing for it,” the official stated. “There are ways to circumvent these sanctions, and they will be realized.” |
| On Monday, the European Council (EC) announced that the bloc had finally approved a ban on the direct or indirect import, purchase, or transfer of diamonds from Russia, saying that it would come into effect on January 1. The embargo, which applies to non-industrial natural and synthetic diamonds, as well as diamond jewelry, was featured in the twelfth package of EU economic sanctions against Moscow. | On Monday, the European Council (EC) announced that the bloc had finally approved a ban on the direct or indirect import, purchase, or transfer of diamonds from Russia, saying that it would come into effect on January 1. The embargo, which applies to non-industrial natural and synthetic diamonds, as well as diamond jewelry, was featured in the twelfth package of EU economic sanctions against Moscow. |
| The diamond ban will be done in coordination with the Group of Seven countries (G7), which announced a similar measure earlier this month. | The diamond ban will be done in coordination with the Group of Seven countries (G7), which announced a similar measure earlier this month. |
| The latest package – which is mostly focused on combating sanctions circumvention and closing loopholes – also targets EU assets owned by the enterprises of the Russian military and defense sector. | The latest package – which is mostly focused on combating sanctions circumvention and closing loopholes – also targets EU assets owned by the enterprises of the Russian military and defense sector. |
| Peskov highlighted that freezing assets was not a major problem, since they do not exist. | |
| The Kremlin spokesman added that the fresh batch of EU sanctions indicates that the bloc’s ability to put pressure on Russia has been exhausted. | The Kremlin spokesman added that the fresh batch of EU sanctions indicates that the bloc’s ability to put pressure on Russia has been exhausted. |
| The extended penalties includes an import ban on liquefied petroleum gas (LPG) with a one-year transition period, as well as a list of metal products, including pig iron and spiegeleisen, copper, and aluminum wires, foil, tubes and pipes for a total value of €2.2 billion ($2.40 billion) a year. | The extended penalties includes an import ban on liquefied petroleum gas (LPG) with a one-year transition period, as well as a list of metal products, including pig iron and spiegeleisen, copper, and aluminum wires, foil, tubes and pipes for a total value of €2.2 billion ($2.40 billion) a year. |
| Brussels also added 140 additional individuals and entities as subject to asset freezes, including actors in the Russian IT sector, as well as private military companies and even deceased individuals. | Brussels also added 140 additional individuals and entities as subject to asset freezes, including actors in the Russian IT sector, as well as private military companies and even deceased individuals. |
| For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |