'Grandfathering' part of 14th package of sanctions against Russia, adopted by EU today

Today, the EU has adopted the 14th package of sanctions against Russia, including ‘grandfathering’.

“The package finetunes the import ban on Russian diamonds already agreed in the 12th sanctions package. It clarifies that the ban does not apply to diamonds that were located in the EU or in a third country (other than Russia), or were polished or manufactured in a third country, before the ban on Russian diamonds entered into force (so-called ‘grandfathering'). It also allows temporary imports or exports of jewellery, for example for trade fairs or repairs. Furthermore, the package prolongs by six months (until 1 March 2025) the sunrise period after which the full-traceability scheme for imports of rough and polished natural diamonds will become mandatory. In addition, it postpones the ban on jewellery incorporating Russian diamonds processed in third countries other than Russia until the Council decides to activate the ban in the light of action taken within the G7 to pursue that measure”. 

Specific guidelines on the practical implementation of the "grandfathered" principle are expected to be issued very soon.

Picture credit: ANP / Lex Van Lieshout