“India Urges G7 to Tackle Russian Oligarch Influence as Uncertainty Surrounds High-Value Transactions”

India urges G7 to tackle Russian oligarchs’ influence, but unclear rules hinder transaction monitoring. India looks to engage with G7 leaders and emphasizes its importance in implementing sanctions due to its role in global amethyst production. Proposed internal import restrictions on high-value gems aim to boost local diamond production. Indian government seeks new monitoring and certification system to comply with requirements while keeping some data classified. Diamond exports decline by 29% to $10 billion in the first seven months of this year.