U.S. eases Russia sanctions, allows diamond imports
The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) issued a general license temporarily authorizing imports of industrial diamonds from Russia on Aug. 27, lifting restrictions imposed in February 2024.
Under the license, imports that had been banned are permitted until Sept. 1, 2026, provided the diamonds were physically outside Russia before specified cutoff dates and were not exported or re-exported from Russia after those dates:
- March 1, 2024, for nonindustrial diamonds weighing 1 carat or more
- Sept. 1, 2024, for nonindustrial diamonds weighing 0.5 carat or more
Despite the temporary relief, imports of non-industrial diamonds of Russian origin into the United States remains prohibited.
Earlier this month, U.S. officials also temporarily lifted sanctions that had blocked financial transactions with Russia needed to organize the Aug. 15 Alaska summit between U.S. President Donald Trump and Russian dictator Vladimir Putin.
The military war may be swinging in our favor, but the information war continues.
Just as an army needs soldiers, so does a free society need its journalists to ensure that people have access to honest, trustworthy voices to understand the world around them.
For the past five years, The New Voice of Ukraine has been working tirelessly to push back against Russian narratives and defend democracy. But we cannot do it alone.
Please consider supporting us on Patreon for just $5 a month – your donation does directly to supporting journalists and ensuring that this front of the infowar says solid and defended.
Thank you.
Follow us on Twitter, Facebook and Google News
