Russian gold and diamonds could still be sold in the U.S. despite being sanctioned, lawmakers and industry participants say, unless companies and governments tighten their controls.

In theory, U.S. and European sanctions have outlawed the sale of gold and diamonds from Russia. In practice, Russian gems and precious metals are likely still entering Western markets, these people say, often via a hard-to-police global web of middlemen.

This post first appeared on wsj.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

The Lowdown on the Third-Quarter Slowdown

Everybody thinks the U.S. economy slowed down in the third quarter. They…

‘The Woman King’ Surprises With $19 Million at the Box Office

It doesn’t have to be all sequels and superheroes. “The Woman King,”…

Twitter Defends Spam Accounting Amid Elon Musk Takeover

Twitter officials on Thursday doubled down on defending the accuracy of their…

Homes That Sold for Around $450,000

Each week, our survey of recent residential sales in New York City…