(jckonline.com) - On Thursday, the U.S. Treasury announced a long list of sanctions against Russia, with some taking aim at state-owned diamond miner Alrosa and its CEO, Sergey S. Ivanov. The new rules do not proscribe U.S. companies from doing business with Alrosa. Instead, President Biden’s executive order forbids them from engaging in transactions with the publicly traded miner involving “new debt of longer than 14 days maturity or new equity.” While these moves are an attempt to limit Alrosa’s ability to raise U.S. capital, they could affect other transactions, says a member alert from the Jewelers Vigilance Committee (JVC).
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