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To spread: The Russian government in 2025 wants to buy diamonds at the expense o...
Politics

Selling diamonds to itself: sanctions are forcing Russia to assist state companies - the media

By Eliza Popova
To spread: The Russian government in 2025 wants to buy diamonds at the expense of the budget to support the State corporation "Alros", which came under the sanctions of the event. The Russian company has encountered an export collapse in more than 10 years, said The Moscow Times. The budget for 2025-2027 laid 154 billion rubles for the purchase of precious stones for the state chronicle (a Russian state institution that forms, counts and stores precious metals-ed. ).

Half of the amount will be spent on diamonds, the parties will agree on a specific assortment, said Deputy Minister of Finance Alexei Moiseev. Officials say it is a difficult job. Hochran wants to buy the best and unique stones. The procedure of procurement of diamonds at the expense from the budget will allow the company to count on infusion of up to 26 billion rubles of the current year, hope Russian analysts hope.

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