Alrosa, a partly state-owned Russian diamond mining company, started shipping rough diamonds to India after a pause, the Economic Times reported on Wednesday. According to the outlet, the exporters are using German banks to make transactions in euros due to the sanctions imposed on Russia in the wake of its attack on Ukraine.

The Russian ruble has been gradually strengthening against the US dollar and euro, making gains for the sixth day straight on Thursday. The ruble plunged to historic lows amid Western sanctions after the country launched its military operation in Ukraine.

Canberra warned it will move ‘in lockstep’ with allies to punish Beijing over any military support it might give to Moscow Australian Prime Minister Scott Morrison said China would face consequences if it backs Russia’s attack on Ukraine, arguing such a move would be an “abomination” while hinting at new international sanctions for Beijing.