The United States Puts the Ultimate Sanction on Alrosa

[PinkDiamond]

If any of you deal in diamonds, make extra sure of where your suppliers' diamonds originate.

The United States Puts the Ultimate Sanction on Alrosa
y Rob Bates | April 08, 2022



"On Thursday, the U.S. Treasury’s Office of Foreign Assets Control (OFAC) added Russian diamond miner Alrosa to its Specially Designated Nationals (SDN) list—which may have serious implications for U.S.-based companies with overseas ownership.

Being designated an OFAC SDN means Alrosa’s U.S. assets are frozen, U.S. companies are forbidden to deal with it, and it can’t make any transactions in dollars.

Sanctions imposed in March already ban U.S. companies from directly importing rough or polished diamonds from Russia. However, this new order may also affect companies that are owned by international conglomerates.

“If you’re a U.S. company that has a direct ownership relationship with a company overseas, such as in India or Antwerp, and that company buys from Alrosa, you should talk to a lawyer,” says Sara Yood, deputy general counsel for Jewelers Vigilance Committee.

She adds that affected businesses “should seek assistance from the OFAC hotline. They can help you get a general license or help you understand how general licenses work. They can give you specific ways for you or your parent company to wind down any business with Alrosa.”

Prior Treasury guidance allowed for the importation of Alrosa goods that are cut and polished elsewhere. Yood warns that, until the industry gets more clarity on what the new sanctions mean, buying any Alrosa goods—even those cut somewhere else—should, for the moment, be considered extremely risky.

“These restrictions also apply to banks,” she adds. “So it’s highly likely that your bank will be reaching out to you and asking if you have a relationship with Alrosa, or even if you have goods that originated with Alrosa.”

While chances are most U.S. businesses have already severed ties with Alrosa—and Alrosa’s has already said it will close its U.S. office—this new rule mandates that any remaining ties be severed.

The sanctions extend to any entity 50% owned by Alrosa—so it’s not clear whether they would extend to the Catoca mine in Angola, which is 40% owned by Alrosa, except that buying Catoca diamonds directly from Alrosa would not be permitted.

Alrosa accounts for about 90% of Russia’s diamond production. Another Russian diamond producer, Grib, has been taken over by state-owned VTB Bank, which has also been sanctioned.

While sources say Grib has not been conducting sales of late, Yood says that buying from that company would also be prohibited under current sanctions.

The U.S. Treasury statement noted that Alrosa has already been sanctioned by Canada, the United Kingdom, New Zealand, and the Bahamas.

The statement further noted that Alrosa accounted “for 28 percent of global diamond mining. In 2021, Alrosa generated over $4.2 billion in revenue. Diamonds are one of Russia’s top ten non-energy exports by value, with exports in 2021 totaling over $4.5 billion.”

Alrosa’s CEO, Sergei Ivanov, has been on the OFAC SDN list since Feb. 24, the day Russia invaded Ukraine. The same day, Alrosa itself was slapped with relatively mild sanctions, which prohibited it from raising new debt and equity in the United States. (At the time, Alrosa said that Ivanov had no assets in the United States and had no need for more financing.)

Russia is currently the most sanctioned country in the world, topping a list that includes ... "
https://www.jckonline.com/editorial-art ... on-alrosa/

[SwordfishMining]

If any of you live on Earth, consider the present predicaments we are in the light of prophecy from Quetzal is an alien time thing:
Quetzal
Wars and devastation in Europe and North America:

However, Russia will not rest and will attack Scandinavia and, in doing so, will involve the whole of Europe. And months before that, a terrible tornado will have swept across northern Europe, causing great devastation and destruction. It should also be stated that the Russian attack will take place during the summer, in fact, from Arhangelsk. Denmark will not be dragged into the war because of the insignificance of this country. However, Russia will not be satisfied with this war action, as its will to expand will be voracious. And, consequently, Russia will launch a military attack against Iran and Turkey and conquer these two countries in bloody combat, causing enormous destruction. The Russian expansionist mentality will also include the effort to gain control of the Middle East oil deposits, as well as to gain control of Southeast Europe. Therefore, she will also invade the Balkans and conquer these countries in huge battles, causing cruel and devastating destruction with many deaths. It will be at the time when tremendous natural disasters will hit Italy and her people, causing serious hardship. But this will also be at the time when Vesuvius could become active again and wreak tremendous devastation. At the same time, a war will shake Italy and claim many human lives as well as cause great destruction.

The destruction of war will befall the countries of the north as strong military forces will invade them from the East and will pillage and murder, as well as use bombs and missiles, like falling hail, and hitherto unknown weapons of laser and computer controlled types that will destroy and annihilate everything, with the first target being Hungary and then Austria and northern Italy. Switzerland will also be severely affected, but not the real target; this will be France and Spain. However, the main objective of the aggressors will be to bring all of Europe under their military control, and for that France will be chosen as their headquarters.

France will not only be invaded by aggressors from without, but will also be conquered from within as a result of collaborative and other forces. This can be imagined as being the many foreigners of a different religion living in France at that time, and specifically Islam, which will be that force working from the inside out. After France falls, a war to conquer Spain and England will ensue. Subsequently, an alliance will be formed with the forces of the aggressors, which will invade Scandinavia.

For all these French-based military operations, weapons of mass destruction stored in France’s arsenals will be used and will cause devastation, destruction and annihilation. The aggressors from the East will force the French Army to unite its military forces and lead a war of conquest against the countries of Northern Europe, invading and conquering Sweden and Norway. Subsequently, these northern countries will be annexed by Russia. Military forces will also attack Finland, where many will be killed and enormous destruction will be caused. At the same time, as a civil war unfolds in Germany, an enormously bloody revolution will break out in England that will claim more lives than the civil war in Germany. And because England and Ireland have been at war for a long time, due to the IRA and England’s police and military forces, the result will be that this revolution will spread throughout Ireland, especially affecting Northern Ireland. Many lives will be lost during a civil war in Wales, where differences between the various parties will emerge before the Fourth World War. Welsh and English forces will clash especially near Cymru, and will claim many lives and cause great destruction.

But death, destruction and annihilation will not only take place in Europe, but also in America, where much suffering will have to be endured and many deaths as well as destruction and annihilation will have to be endured. America and Russia will have the most terrible weapons of mass destruction at their disposal – a fact that is already the case to some extent today – and they will clash with violent force at that moment of conflict, by which Canada will also be dragged into this conflict. The source of this conflict will substantiate the Russian attack on the US state of Alaska and against Canada.

This conflict will result in mass deaths of human beings as well as devastating destruction, annihilation and epidemics, etc., which Earth humanity has never seen and experienced until then. Not only will nuclear, biological, and chemical weapons be used en masse, but enormously deadly computer-controlled weapons systems that are only in the early stages of development today, or will be invented and built during the third millennium.

http://www.futureofmankind.co.uk/Billy_ ... Prophecies

This is probable, not prediction by definition that can be changed, but not changed for us. Think about food reserves & supply.