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Sanctions cripple the Russian diamond mining industry

Russian state scrabbling to keep Alrosa afloat

Vladislav Vorotnikov
Alrosa's Jubilee (Yubileinaya) open-pit mine

Alrosa's Jubilee (Yubileinaya) open-pit mine | Credits: Alrosa

Russian state-owned diamond giant Alrosa has pulled out of projects amid low sales to foreign customers. Sales have plummeted to the lowest level in a decade, driving business profitability into the...

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