Comments by "peabase" (@peabase) on "Will the EU's latest sanctions actually hurt Russia? | DW Business" video.

  1.  @timmy-wj2hc  Don't you worry your pretty little head, Timmie. Russian diamonds will be classified as blood diamonds. Which they are.
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  2. The coping is strong with you.
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  3. If the better part of your customers give you a miss, your turnover will plummet. Importantly, the Russian state takes a big cut in taxes -- which will suddenly amount to considerably less revenue. What's not working about that? The sanctions aren't a quick fix. They'll remain in place long after hostilities have ceased in Ukraine, "motivating" Russia to cough up war reparations and whatnot. There are different solutions to different problems.
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  4. *Cut is the past participle, not cutted. Kimberley Process Certification Scheme. Read all about it. Hint: you may want to delete your comment to avoid further embarrassment.
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  5. So you're comparing Russia's armed forces to a ragtag band of tribal warriors in Africa? Blood diamonds that slip through the cracks may pay for a few technicals and some Chinese AK-47 knock-offs, but Russia's war bill is a bit higher than that. Turkey's and China's domestic markets for diamonds don't amount to that much in the grand scheme of things, and both Chinese and Turkish merchants engaging in international trade are clever enough to stay away from merchandise without genuibe certificates of origin.
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  6.  @yonduintiaz5315  It's entirely appropriate. Charles Taylor was associated with blood diamonds and war crimes. Putin, likewise.
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  7. You need to read up on the Kimberly Process. Reputable dealers and exchanges will steer clear of Russian diamonds for fear of being sanctioned themselves. The system isn't watertight, and while it may allow an African warlord to arm his warriors, the pickings will be slim for Russia.
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  8.  @liang8255  India, too, buys a lot of Russian diamonds to cut them. It's the biggest player in the diamond-cutting industry, in fact. It's a labour-intensive job, and Indian labour is relatively cheap. More importantly, India can't sell their cut diamonds on Western diamond exchanges -- to whoever. I told you, read up on the Kimberley Process. Then comment.
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  9. They still have no business selling their cuts to Western markets.
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  10.  @festekj  Corruption would have to extremely rampant for Russia to make up for the loss of income. Even if sanctions aren't watertight, they bite and hurt.
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  11.  @festekj  You should ask me how many times I've been to India.
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  12.  @Funktastico  Yup, Antwerp is the undisputed diamond capital of the world.
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  13.  @winsonip4447  It's different with diamonds. You should read up on the Kimberley Process. I don't mind India reaping the profits from Russian oil at Russia's expense. In fact, having Russia pump oil at a loss nicely hollows out their war economy. To add insult to injury, Russia is at a loss what to do with its surplus of rupees. India doesn't have what Russia needs. China does, but you can't just convert rupees to yuan.
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  14. No, Russia would shoot itself in the foot by exiting yet another market. Not that it matters on the longer term, because they're being pushed out of said markets anyway. More sanctions are coming up.
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  15. You've got it backwards. It will harm Russia's industry, which is in war economy mode. For a large part, its orders come from Russia's ministry of defence, which gets its funding from taxes. Tax revenue is drying up, and so are the orders.
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