MOSCOW - Russia backs lifting an embargo on diamond exports from the Central African Republic, the deputy finance minister said Tuesday as Moscow was preparing to chair a global scheme regulating the gem trade.
"The current bans are unfair to poor people who can only earn money by ," he said, adding that Russia believes diamonds from banned "red zones" still find their way onto the market, undermining the embargo.The country was banned from exporting diamonds in 2013 and suspended from the Kimberley Process, but in 2016 government-controlled zones in the west were judged to be compliant and exports were approved.
Moiseyev said the government and a special working group should work out a mechanism to make exports from all parts of the country legal.
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