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Reuters
Reuters
World

UK to ban Russian diamonds, US sanctions target major gold miners

FILE PHOTO: Models of pump jack and oil barrels are seen in front of the displayed UK and Russia flag colours in this illustration taken March 8, 2022. REUTERS/Dado Ruvic/Illustration

Britain published plans to ban imports of Russian diamonds, copper, aluminium and nickel on Friday and announced new sanctions against Russia, targeting companies connected to the suspected theft of Ukrainian grain.

The United States and Canada also announced new penalties on Russia over its war against Ukraine. Washington imposed sanctions on gold producer Polyus and the Russian business of its peer, Polymetal, which would further damage Russian gold sales already hit by Western sanctions and restrictions.

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