Source Pravda.Ru

De beers reckons on European commission's approval of trade agreement with Alrosa

The De Beers transnational company reckons on the approval by the European Commission of a new trade agreement with the Russian diamond-producing company ALROSA by the end of 2002.

De Beers Moscow-based representation reported that the company and ALROSA continue consultations with European Commission representatives on the new agreement on diamond trade. The agreement was submitted to the EC for consideration in February 2002. The need to coordinate the document with the European Commission was prompted by the fact that De Beers effects a major part of its trade operations on the European market.

In accordance with the new trade agreement designed for a term of five years, ALROSA may annually sell a USD 800 million worth of De Beers diamonds. Under the previous agreement, Russia annually sold De Beers through its dealers diamonds worth of no less than USD 550 million.

The new trade agreement between the two companies covering over 70 percent of the world diamond market was signed in late 2001. While the European Commission has not approved the agreement, ALROSA and De Beers cooperate according to the "free seller - free buyer" principle.

©

&to=http://www.alrosa.ru' target=_blank>ALROSA

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases
Comments
How Gaddafi’s Great Man-Made River Project became part of Water Wars
Russia to spend trillions to upgrade its army and navy before 2027
Russia to spend trillions to upgrade its army and navy before 2027
Unveiled: Secret Pentagon UFO program. From science fiction to science fact
Treasure of Catherine II times found in city centre of Moscow
Riots spark in Ukraine again, but people will not die for idiots this time
Russian PM Medvedev: USA undermines relationship with Russia for decades
Capitalism reduced Indonesian cities to infested carcases
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Capitalism reduced Indonesian cities to infested carcases
Capitalism reduced Indonesian cities to infested carcases
Capitalism reduced Indonesian cities to infested carcases
Capitalism reduced Indonesian cities to infested carcases
North Korea is not a threat to the US
North Korea is not a threat to the US
Saudi Arabia readies to enjoy cinemas and music for the first time in 40 years
Capitalism reduced Indonesian cities to infested carcases
Russian politician says Donald Trump extremely dangerous for Russia
ISIS threatens to conduct large-scale terrorist attacks in USA for Jerusalem decision
American Bioweaponry