• To ban sales to Russia, or for use in Russia, of tankers, of any origin, for crude oil or petroleum products
• To ban direct or indirect import, purchase or transfer of diamonds from Russia
• Ban includes stones processed in third countries
• To phase in ban on Russian diamonds processed in third countries from March next year

Whatever the case is, it isn’t going to get Russia to budge. We’re well over a year into the conflict between Russia and Ukraine and this looks to be the new normal in the region already.

This article was written by Justin Low at www.forexlive.com.