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The NACP has now issued a statement praising SRK for its commitment to complying with international obligations. | Source: SRK
The NACP has now issued a statement praising SRK for its commitment to complying with international obligations. | Source: SRK

SRK removed from Ukraine’s list of Russian war sponsors

Shree Ramkrishna Exports (SRK) has been removed from the list of international war sponsors by Ukraine’s National Agency of Corruption Prevention (NACP).

In September, the NACP claimed that SRK had purchased $US132 million ($AU208.5 million) worth of Russian diamonds in the first six months of this year.

The Mumbai-based diamond manufacturer immediately denied the allegations, describing the claims as ‘misinformation and baseless allegations.’ The company asserted it had not purchased rough from Russia since January.

The NACP has now issued a statement praising SRK for its commitment to complying with international obligations.

Oleksandr Novikov, Head of NACP
Oleksandr Novikov, Head of NACP
"The refusal of companies such as SRK to purchase Russian diamonds is a contribution not only to peace on the European continent but, above all, to the national security of India itself."
Oleksandr Novikov, National Agency of Corruption Prevention

"The refusal of companies such as SRK to purchase Russian diamonds is a contribution not only to peace on the European continent but, above all, to the national security of India itself,” said agency head Oleksandr Novikov.

“The long-awaited decision of the G7, which we hope will be made soon, will be a historic milestone for the diamond industry.”

In an 18 October statement, chief human capital officer Nirav Mandir said that SRK would adhere to national and international guidelines and comply with regulations from the United Nations, the Office of Foreign Assets Control, and other relevant authorities.

"We extend our heartfelt gratitude to the NACP for their constructive assessment, which has led to the removal of our company from the list of war sponsors,” he said.

“We at SRK emphasise our dedication to peace and harmony. We do not endorse or support any form of war or conflict anywhere in the world."

“Our business ethos is grounded in promoting goodwill, nurturing positive relationships, and upholding the highest standards of corporate and social responsibility.”

SRK has an annual revenue of approximately $US1.2 billion ($AU1.9 billion) and employs more than 6,000 people worldwide.

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