Many luxury groups have already closed their stores in Russia.Credit…Agence France-Presse — Getty Images Hermès scarves, Harry Winston jewels, Feadship yachts, Mercedes cars, Cognac and Champagne — none of these public badges of achievement and culture will be available to oligarchs in Russia any more.
As part of a fourth wave of sanctions against Russia for its invasion of Ukraine, the European Union and the United States announced Friday that they would no longer allow any exports of luxury goods to Russia.
The bans were designed “as a direct blow to the Russian elite,” Ursula von der Leyen, the president of […]
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