Russia diamond producer Alrosa's annual net profit drops 15.2%
The European Union added Alrosa, Russia's biggest diamond producer, to its sanctions list in January as part of punitive measures it has imposed on Moscow over the war in Ukraine.
![Russia diamond producer Alrosa's annual net profit drops 15.2%](https://cdn.zeebiz.com/sites/default/files/2024/02/28/282393-screenshot-2024-02-28-155445.png?im=FitAndFill=(1200,900))
Group of Seven leaders agreed in December to ban non-industrial diamonds from Russia by January, and Russian diamonds sold by third countries from March. (Image credit: Reuters)