MOSCOW, May 19. /TASS/. Russian authorities expect the introduction of export duties on diamonds this year, Deputy Finance Minister Alexey Moiseev told reporters.
"Hopefully this year," he said when asked when duties would be introduced.
Duties will not apply to all stones, but only to those that are economically viable within Russia’s borders, the official added.
He also called the measure protective as the industry was almost lost after the duty was abolished when Russia joined the WTO.