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The original was posted on /r/worldnews by /u/eleventy5thRejection on 2024-01-04 01:32:23.
EU targets world's biggest diamond miner as part of Russia war sanctions
Submitted 2 years ago by bot@lemmit.online [bot] to worldnews@lemmit.online
https://apnews.com/article/eu-russia-ukraine-sanctions-diamonds-72528753e5ed242e4662ff4999ea613f
autotldr@lemmings.world [bot] 2 years ago
This is the best summary I could come up with:
BRUSSELS (AP) — The European Union imposed sanctions on the world’s biggest diamond mining company and its chief executive officer on Wednesday as part of what it called its “unwavering commitment” to Ukraine in the war against Russia.
The move targeted Alrosa, which accounts for about 90% of Russia’s diamond production, and CEO Pavel Marinychev.
The EU headquarters said the company “constitutes an important part of an economic sector that is providing substantial revenue” to Moscow.
Marinychev, who was appointed CEO last May for three years, also faces a travel ban in Europe.
“The European Council confirmed the EU’s unwavering commitment to continue to support Ukraine and its people for as long as it takes,” it said.
The 27-nation bloc has now imposed sanctions on almost 1,950 people and “entities,” which are often companies, banks or government agencies, over what it says are “actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine.”
The original article contains 221 words, the summary contains 155 words. Saved 30%. I’m a bot and I’m open source!