Angola removes sanctioned Alrosa from its diamond mines ahead of US visit

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Financial Times 16h ago

Angola removes sanctioned Alrosa from its diamond mines ahead of US visit - Financial Times

Quick Summary:

Endiama, Angola’s state diamond company, owns another 41 per cent of Catoca.

Alrosa’s exit is a boost for US efforts to extend the global reach of sanctions, and suggests Luanda is moving closer to Washington after decades of ties with Moscow and Beijing.

But Russian links made buyers of the country’s diamonds wary, in what is already a tough global market for the stones this year because of falling demand.