icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

Moscow lifts export restrictions on precious metals and diamonds

Moscow lifts export restrictions on precious metals and diamonds
Russia has lifted export restrictions on precious metals and diamonds. From now on most uncut diamonds, platinum group metals and other precious metals are no longer subject to quotas.

Russian president Vladimir Putin has signed the appropriate decree.

An export licence from the Ministry of Economic Trade and Development will still be required, however.

Analysts say the news is unlikely to impact significantly on export volumes.

They say quotas were already large enough to accommodate exports by Russia's largest palladium and platinum miner, Norilsk Nickel, as well as the state diamond trader Almazjuvelirexport.

Dear readers and commenters,

We have implemented a new engine for our comment section. We hope the transition goes smoothly for all of you. Unfortunately, the comments made before the change have been lost due to a technical problem. We are working on restoring them, and hoping to see you fill up the comment section with new ones. You should still be able to log in to comment using your social-media profiles, but if you signed up under an RT profile before, you are invited to create a new profile with the new commenting system.

Sorry for the inconvenience, and looking forward to your future comments,

RT Team.

Podcasts