Russia working to lift limits on Central African Republic diamond exports

Russia, as this year’s chair of an international body tackling the trade in conflict diamonds, will work to lift restrictions on the export of diamonds from the Central African Republic (CAR), deputy finance minister Alexei Moiseev said on Tuesday.

A total ban on diamond exports from CAR was imposed in 2013 but partially lifted in 2016, allowing CAR to resume sales of diamonds from five “green zones” where the government could certify the stones were conflict-free.

As the 2020 chair of the Kimberley Process, an 81-nation body that certifies ethical diamond exports, Russia will focus on helping the CAR government to improve its regulation of local diamond production with the aim of re-entering the export market, Moiseev said.

Moiseev said current restrictions had not affected CAR’s total output of diamonds, instead of increasing the amount of diamonds sold illegally and generating profits for middlemen rather than local communities.

Source: Reuters

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