Ukraine removes Shree Ramkrishna Exports from war sponsors list
Shree Ramkrishna Exports (SRK), one the world’s largest diamond producers, from its list of international sponsors of war. Kyiv had accused the Mumbai-based company last month of «continuing to cooperate with the aggressor, purchasing diamonds in Russia,» despite Western sanctions over Russia’s invasion of Ukraine.
SRK responded by insisting that it had not purchased rough diamonds from Russia since January and does not plan to do so in the future.
Ukraine's National Agency on Corruption Prevention (NACP) said SRK had issued an official statement stating that it will comply with its international obligations and will not cooperate with Russian-sanctioned entities.
The NACP said it «welcomes SRK's decision and will monitor the fulfilment of the commitments undertaken by the company».
In September, the NCAP claimed SRK, which has an annual income of more than $1.3 bn, purchased $132 million worth of Russian diamonds in the first half of this year.
“SRK does not deal with any sanctioned entities including Russian entities selling rough diamonds or any other entities involved in any form of conflicts. Since January 2023, SRK has refrained from buying any rough diamonds from the Russian Federation,” the company said in a statement on October 12.
«SRK deals with only companies following similar principles and Responsible Jewellery Council (RJC) members or Kimberley Process (KP) certified rough suppliers.
SRK does not deal with any sanctioned entities including Russian entities selling rough diamonds or any other entities involved in any form of conflicts. We support the cause of peace and any initiatives taken jointly by the Group of Seven (G7) and the Government of India (through Gem & Jewellery Export Promotion Council)
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