The European Union (EU) will ban the export of luxury goods to Russia, in order to deal a “direct blow to the Russian elites” for the invasion of Ukraine, announced the president of the European Commission (EC), Ursula von der Leyen.
“We will ban the export of any kind of luxury goods from our countries to Russia, as a direct blow to the Russian elites”, said the head of the EU Executive.
“Those who support Putin’s war machine should no longer be able to enjoy their lavish lifestyle while bombs are falling on innocent people in Ukraine.”, he continued.
Russian President Vladimir Putin ordered Russian troops into pro-Western Ukraine on February 24, triggering unprecedented Western sanctions against Russia and prompting an exodus of foreign corporations, including luxury brands.
The coordinated US and EU response to Putin’s incursion into Ukraine has made Russia the most heavily sanctioned country in the world, sending the ruble into a free fall, accelerating the spiral of inflation and raising fears of default. Of the debt.
However, Putin has said that Russia will come out of the crisis stronger. “I am sure that we will overcome these difficulties, we will be more competent and we will have more opportunities to feel independent and self-sufficient.”, he told his Belarusian counterpart, Alexander Lukashenko, during a meeting this Friday.
Source: Gestion
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