Why It’s So Hard to Keep Russian Diamonds and Gold Out of the U.S. Despite Sanctions

Lawmakers and industry participants say Russian gold and diamonds can still be sold in the US, unless companies and governments tighten controls.

In theory, US and European sanctions have outlawed the sale of gold and diamonds from Russia. In fact, Russian gems and precious metals, these people say, still have the ability to penetrate Western markets, often through a hard-to-police global network of intermediaries.

https://www.wsj.com/articles/why-its-so-hard-to-keep-russian-diamonds-and-gold-out-of-the-u-s-despite-sanctions-11652526180?mod=pls_whats_news_us_business_f Why It’s So Hard to Keep Russian Diamonds and Gold Out of the U.S. Despite Sanctions

Edmund DeMarche

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