Sec. 5830. Removing Russian rough diamonds from global markets
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It is the sense of Congress that the Secretary of State, in coordination with the Secretary of the Treasury and the heads of all other relevant interagency partners, should instruct the United States representatives at each international institution as follows: To use the voice and vote of the United States to expel Russia from the Kimberley Process to ensure that Russian source and origin rough diamonds are not used to finance Russia’s war in Ukraine or to circumvent United States sanctions.
To engage the current chair of the Kimberley Process to ensure that Russia’s exclusion from the process is brought to a formal decision in a timely manner. To use the role of the United States in the Working Group on Monitoring in the Kimberley Process to ensure that Kimberley Process compliance obligations include assessments on tractability and provenance of potential Russian diamonds moving through a particular country’s compliance system. To work with other participants in the Kimberley Process, including partner countries that provide avenues for sanctioned Russian oligarchs to protect their wealth, to develop a coordinated policy with respect to ensuring Russian rough diamonds, precious metals, or other assets are not used to circumvent United States sanctions on Russian oligarchs.
Not later than 180 days after the date of the enactment of this Act, the Secretary of State, in consultation with the Secretary of Treasury and the Department of Homeland Security, shall submit to the appropriate congressional committees a report on the implementation of United States sanctions of Russian diamond companies that includes the following: An assessment on how specific countries are implementing sanctions imposed with respect to the Russian state-owned enterprise Alrosa and other sanctioned Russian diamond companies, including in particular the countries that— receive security assistance from the United States authorized under title 10, United States Code, or under the Foreign Assistance Act of 1961 ( 22 U.S.C. 2151 et seq. ); and have signed a collective defense arrangement with the United States.
A list of which countries wealthy Russian oligarchs, sanctioned or otherwise, have emigrated to following the outbreak of the war in Ukraine. An assessment on how implementation and enforcement of the sanctions imposed with respect to Alrosa can be strengthened, including through mechanisms for traceability. In completing the report required by subsection (b), the relevant departments shall directly engage with key industry associations and members, including grading laboratories, on matters of technical importance, including traceability and provenance.
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Sec. 5830
Removing Russian rough diamonds from global markets
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