EU targets world’s biggest diamond miner as part of Russia war sanctions

The European Union has imposed fresh sanctions on Russia over its war against Ukraine, targeting the lucrative diamond industry (Virginia Mayo/AP)

The European Union has imposed sanctions on the world’s biggest diamond mining company and its chief executive as part of what it called its “unwavering commitment” to Ukraine in the war against Russia.

The move targeted Alrosa, which accounts for about 90% of Russia’s diamond production, and chief executive Pavel Marinychev.