Registration was successful!
Please follow the link from the email sent to

US Imposes Sanctions on Belgium-Based Diamond Companies

© AFP 2021 / TIMOTHY A. CLARY Pure Grown Diamonds President & CEO Lisa Bissell unveils a lab-cultivated Pure Grown Diamond on May 7, 2015 in New York
Pure Grown Diamonds President & CEO Lisa Bissell unveils a lab-cultivated Pure Grown Diamond on May 7, 2015 in New York - Sputnik International
Subscribe
US imposed sanctions on European diamond producers assuming they support CAR militia.

WASHINGTON (Sputnik) — The United States has imposed sanctions on Belgium-based diamond companies Badica and Kardiam for supporting armed groups in the Central African Republic (CAR), the US Treasury said in a press release on Friday.

“OFAC [Treasury’s Office of Foreign Assets Control] sanctioned CAR- and Belgium-based diamond companies BADICA and KARDIAM…for providing support to persons threatening the peace, security, or stability of the CAR through the illicit trade in natural resources,” the release read.

Badica, one of CAR’s largest diamond companies, bought the precious gems from Central African mines and smuggled them out of the country to be exported by its branch, Kardiam, in Belgium in violation of the Kimberley Process’ ban on diamond export from CAR, according to the release.

The company bribed local Seleka rebels, who are in control of mining areas, to assist in smuggling of the diamonds, according to the Treasury.

The United States has also sanctioned CAR militia leaders Alfred Yekatom, Habib Soussou, and Oumar Younous for heading groups that “threaten the peace, security, or stability of the country.”

Diamonds - Sputnik International
New Type of Large Diamonds Found in Frozen Lava in Russia
The Treasury has frozen the sanctioned entities’ and individuals’ assets in the United States, as well as their assets under control of US persons, and has forbidden US citizens to engage in transactions with them.

The CAR, mired in instability since early 2013, saw Muslim Seleka rebels overthrow the country's Christian president, Francois Bozize. A primarily Christian militia, known as the Anti-Balaka, fought the Seleka, while targeting Muslims in revenge attacks.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала