European Union bans export of luxury goods to Russia to hit elites

These measures constitute the fourth set of sanctions adopted by the European Unione against Moscow, since the Kremlin’s decision to attack Ukraine militarily.

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A new set of sanctions against Moscow. On Tuesday, March 15, the European Union banned the export to Russia of its luxury sedans, champagne, jewelry and other high-end items prized by the elites supporting Vladimir Putin, in order to sanction their lavish lifestyle during the invasion. Russian from Ukraine.

A list of luxury products and goods, approved by the Member States, has been published in the Official Journal. It is 14 pages long and covers products from the EU leisure, luxury and technology sectors. These measures constitute the fourth set of sanctions adopted by the European Union against Moscow, since the Kremlin’s decision to attack Ukraine militarily.

Fifteen oligarchs or industrialists, including the billionaire Roman Abramovich, owner of the English football club Chelsea, have been added to the blacklist of Russians whose assets in the EU have been seized. The European Union has also banned the import of “essential goods in the iron and steel sector” and the export of luxury goods.


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