Botswana’s subtle revolution: Orchestrating economic liberation through mineral wealth (Prt 3)

Friday, February 23, 2024 | 170 Views |

The G7, consisting of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States, unleashed sanctions to cripple Russia's ability to fund its war machine.

Diamonds took centre stage in this punitive act, exposing the delayed and ambiguous stance on Russia's diamond supply, a decision conveniently postponed for nearly two years since the commencement of the Ukraine war in 2022.

Initially targeting Russia's oil, gas, and banking sectors, the sanctions subtly addressed diamonds, acknowledging their contribution to Russia's government revenue.

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