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1164. What prohibitions has OFAC implemented with respect to diamonds and diamond jewelry under the Russian Harmful Foreign Activities Sanctions program?
On March 11, 2022, the Biden Administration issued Executive Order (E.O.) 14068, prohibiting the importation into the United States of non-industrial diamonds of Russian Federation origin. See FAQs 1019 and 1027 for the definition of Russian Federation origin and non-industrial diamonds, respectively. On December 6, 2023, the G7 Leaders announced a coordinated international effort to impose phased restrictions on the importation of certain Russian diamonds, including diamonds processed in third countries. As a part of this G7 commitment, OFAC has issued additional restrictions on the importation of non-industrial diamonds mined, extracted, produced, or manufactured wholly or in part in the Russian Federation as well as unsorted diamonds and diamond jewelry.
Specifically, on February 8, 2024, OFAC issued two determinations, “Prohibitions Related to Imports of Certain...
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1) See Determination pursuant to Section 1(a)(i)(B) of Executive Order 14068 (Effective March 1, 2024) - Prohibitions Related to Imports of Certain Categories of Diamonds, and Determinations pursuant to Sections 1(a)(i)(A) and 1(a)(i)(D) of Executive Order 14068 (Effective March 1, 2024) - Prohibitions Related to Imports of Diamond Jewelry and Unsorted Diamonds of Russian Federation Origin and Diamond Jewelry and Unsorted Diamonds Exported From the Russian Federation, FAQ # 1127, FAQ # 1127, FAQ # 1154 and FAQ # 1166, and comments thereto. This FAQ does not provide anything in the way of interpretive guidance, but does summarize the existing diamond-related determinations and guidance.