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Why it’s so hard to keep Russian diamonds and gold out of the US despite sanctions

Russian gold and diamonds could still be sold in the United States despite sanctions, lawmakers and industry players say, unless companies and governments tighten controls.

In theory, US and European sanctions have banned the sale of gold and diamonds from Russia. In practice, Russian gems and precious metals likely continue to enter Western markets, these people say, often through a difficult-to-control global network of middlemen.