Ottawa – Mélanie Joly, Minister of Foreign Affairs, has announced that Canada, alongside G7 partners, is imposing additional import restrictions on Russian diamonds under the Special Economic Measures (Russia) Regulations.
This ban further builds on Canada’s December 2023 import restrictions on diamonds and diamond-jewellery-related products from Russia by targeting indirect imports of Russian diamonds weighing 1 carat and above. It is consistent with the commitments made in February, May and December 2023 by G7 leaders to reduce the Putin regime’s revenues from the export of non-industrial diamonds from Russia.
Canada will continue working with its G7 and other international partners to implement comprehensive controls that ban Russian diamonds from G7 markets. This will provide Canadian consumers with additional assurance that the diamonds that they purchase are not supporting Russia’s illegal war.
The latest measures affirm Canada’s resolve to impose further costs on the Putin regime for its unjustifiable war of aggression against Ukraine.
“Canada has been at the forefront of imposing economic barriers on the Putin Regime since he launched his brutal full-scale illegal invasion of Ukraine, which caused devastating losses to Ukrainians. Along with our allies and partners, we have imposed severe sanctions on the Russian regime, and we will continue to do so to hold Putin and his enablers to account.” – Mélanie Joly, Minister of Foreign Affairs