https://en.sputniknews.africa/20240214/shine-bright-like-a-diamondor-get-banned-1065078292.html
Shine Bright Like a Diamond...or Get Banned
Shine Bright Like a Diamond...or Get Banned
Sputnik Africa
As the G7 further targets Russia with sanctions on the country's diamond exports, global diamond suppliers warn of possible consequences of the sanctions on... 14.02.2024, Sputnik Africa
2024-02-14T18:24+0100
2024-02-14T18:24+0100
2024-02-14T18:24+0100
afroverdict
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russia-africa cooperation
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Shine Bright Like a Diamond...or Get "Sanced"
Sputnik Africa
As the G7 further targets Russia with sanctions on the country's diamond exports, global diamond suppliers warn of possible consequences of the sanctions on the diamond market and African countries reliant on supply of the gem. AfroVerdict host sits down with a minerals expert to examine this issue from inside Africa.
The global economic market "should be open for all players" to trade, according to Dr. Mohammed Abubakar Mohammed, Senior Special Assistant on Solid Minerals Development to the Executive Governor of Kwara State, Government of Nigeria.Dr. Mohammed describes the effect of the sanctions imposed on Russia as "huge". He believes that the African continent should "have the liberty to negotiate" with whom it wants.Sanctioning Russia's diamond supply could create a "bottleneck" by restricting the global market, instead of increasing it. The goal is "total control".To hear what else the expert had to say, check out the entire episode of the AfroVerdict podcast, brought to you by Sputnik Africa.In addition to the website, you can also catch our episodes on Telegram.► You can also listen to our podcast on Google Podcasts, Apple Podcasts, Castbox, Pocket Casts, Deezer, Podcast Addict and Afripods.► Check out all the episodes of AfroVerdict.
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podcasts, russia-africa cooperation, nigeria, g7, anti-russian sanctions, sanctions, diamonds, botswana, аудио
podcasts, russia-africa cooperation, nigeria, g7, anti-russian sanctions, sanctions, diamonds, botswana, аудио
Shine Bright Like a Diamond...or Get Banned
Viktor Anokhin
Producer, Podcast host
As the G7 further targets Russia with sanctions on the country's diamond exports, global diamond suppliers warn of possible consequences of the sanctions on the diamond market and African countries reliant on supply of the gem. AfroVerdict host sits down with a minerals expert to examine this issue from inside Africa.
The global economic market "should be open for all players" to trade, according to Dr. Mohammed Abubakar Mohammed, Senior Special Assistant on Solid Minerals Development to the Executive Governor of Kwara State, Government of Nigeria.
"When we are saying 'international market', we have multiple players. When it's now being [shrunk] with some kind of ban, some kind of sanctions on people, [...] that means you are being constrained into what you might not want to do, what might not favor you," Dr. Mohammed says.
Dr. Mohammed describes the effect of the sanctions imposed on Russia as "huge". He believes that the African continent should "have the liberty to negotiate" with whom it wants.
"The effect of this in Africa is that we will not have many friends as possible that we want to deal with, we want to trade with, and this is not good. We should have our freedom," he explains.
Sanctioning Russia's diamond supply could create a "bottleneck" by restricting the global market, instead of increasing it. The goal is "total control".
"Instead of the markets wide enough to accommodate, now they are removing people with this sanction of a thing. Now what do you expect? Instead of it to widen up, now it is closing up. They are creating what I call a "bottleneck". It's all about the politics of the region, what they want to dominate and how they want to be in total control," Dr. Mohammed elaborates.
To hear what else the expert had to say, check out the entire episode of the AfroVerdict podcast, brought to you by Sputnik Africa.
In addition to the website, you can also catch our episodes on
Telegram.
► Check out all the episodes of AfroVerdict. 
