EU bans CHAMPAGNE exports to Russia: luxury cars and electronics included in latest sanctions

The EU has banned exports of champagne, high-end cars, fashion clothes, expensive electronics and sports equipment to Russia in a new round of sanctions against Moscow for its war in Ukraine.

The 29-page list of luxury items now banned was published today in the Official Journal of the European Union.

It comes as the UK has also stepped up the economic fight against Vladimir Putin – with sweeping new taxes on Russian goods, including vodka.

Sales of liquor, furs, whitefish and a host of other products will be hit by a 35% increase in levies, the Department for International Trade has revealed.

The tax will also apply to sales of metals, including iron, steel, copper and silver, as well as grain, machinery and machinery.

At the same time, the sale of luxury items to Russia must be blocked, ending sales of items such as luxury vehicles like Rolls-Royces, designer clothes and art.

The EU has banned exports of champagne, high-end cars, fashion clothes, electronics and sports equipment to Russia as part of a new round of sanctions against Moscow for its war in Ukraine

The sanctions package released by the EU adds 15 people – including oligarchs Roman Abramovich and German Khan, as well as people seen as “propagandists” for Russia – and nine key companies from Russia’s aviation, army, shipbuilding and mechanical engineering.

Also prohibited are investments and assistance to the Russian energy sector and imports from Russia of finished steel.

Credit rating agencies have also been banned from rating Russian institutions and companies.

The ban on EU luxury goods exports to Russia was an effort “to target the elite, the oligarchs” in Russia, an EU official told reporters on condition of anonymity.

He said total luxury sales from the EU to Russia amounted to €3.5bn (£2.9bn) a year – less than 5% of the value of the world’s exports. bloc – but warned that thresholds apply, so this won’t all dry up. .

“We only want to target products that will be luxury goods (…) so as not to hit the ordinary Russian who wants to buy household appliances or other cars of lesser value,” said another official. EU.

At the same time, the sale of luxury items to Russia must be blocked, ending sales of items such as luxury vehicles like Rolls-Royces, designer clothes and art.

At the same time, the sale of luxury items to Russia must be blocked, ending sales of items such as luxury vehicles like Rolls-Royces, designer clothes and art.

Anne-Marie Trevelyan

Pictured: Russian Standard vodka

Sales of vodka, furs, whitefish and a host of other products will be hit by a 35% increase in levies, the Department for International Trade has revealed.

Russian imports hit with 35% tax

Russian vodka could disappear from British supermarkets along with fancier premium brands as the West now aims for more economic sanctions against the Kremlin.

G7 governments have said they will impose punitive tariffs on trade to further insulate Moscow from the global economy.

The group of wealthy nations said it would strip Russia of its “most favored nation” status under World Trade Organization (WTO) rules.

Today the UK hit a range of imports with a new tax scheme increasing levies by 35%

They understand:

  • iron, steel
  • Fertilizers
  • Wood
  • Tires
  • Railway containers
  • Cement
  • Copper, aluminum, silver, lead, iron ore
  • Food residues/waste
  • Beverages, spirits and vinegar (including vodka)
  • Glass and glassware
  • Cereals
  • Oilseeds
  • Paper and cardboard
  • Machinery
  • Works of art, antiques
  • Furs and artificial furs
  • Ships
  • White fish like cod and haddock

As a result, the export ban would apply to cars with a value of more than 50,000 euros, electronic items such as household appliances with a value of more than 750 euros, cameras and sound recording over 1,000 euros and musical instruments over 1,500 euros.

Also prohibited are exports of works of art, antiques, jewellery, including diamonds and pearls, watches and clocks, lead crystal ware, porcelain tableware and precious cutlery , as well as quality or fashion clothing and sports equipment such as ski boots and riding saddles.

An EU official said such export bans had already been imposed on “a number of rogue states like North Korea”.

He said: “This takes away a source of comfort from the elites who support Russian government action in Ukraine and have the financial resources to enjoy the lifestyle associated with the consumption of European-sourced luxury goods.”

Meanwhile, Britain hit another 350 Russians with sanctions today as it steps up the economic fight against Vladimir Putin – with new taxes on vodka.

Ministers said the new wave of sanctions meant more than 1,000 Russian businesses and businesses had been prevented from earning money or visiting the UK.

The new wave of around 370 today includes more than 50 oligarchs and their families, as well as politicians including puppet Prime Minister Mikhail Mishustin, Defense Minister Sergei Shoigu and former President Dmitry Medvedev.

People have been added to the list including Mikhail Fridman and Petr Aven, the men behind the company that owns Holland & Barrett and who resigned from its advisory board after facing international sanctions.

A notorious internet ‘troll farm’, the Internet Research Agency, was also sanctioned.

This came after the Department of International Trade imposed huge new punitive import taxes on luxury goods and Russian economic staples to increase pressure on Moscow’s war machine.

Mikhail Fridman in Moscow, Russia

Petr Aven

Mikhail Fridman and Petr Aven, the men behind Holland & Barrett who resigned from its advisory board after facing international sanctions.

Sales of liquor, furs, whitefish and a host of other products will be hit by a 35% increase in levies, the Department for International Trade has revealed.

The tax will also apply to sales of metals, including iron, steel, copper and silver, as well as grain, machinery and machinery.

At the same time, the sale of luxury items to Russia must be blocked, ending sales of items such as luxury vehicles like Rolls-Royces, designer clothes and art.

G7 governments have said they will impose punitive tariffs on trade to further insulate Moscow from the global economy.

The group of wealthy nations said it would strip Russia of its “most favored nation” status under World Trade Organization (WTO) rules.

International Trade Secretary Anne-Marie Trevelyan said: “The UK stands with our international partners in our determination to punish Putin for his barbaric actions in Ukraine, and we will continue our work to deprive his regime of the funds that enable it to achieve them.

“The World Trade Organization is built on respect for the rule of law, which Putin has shown he despises. By depriving his government of the main benefits of WTO membership, we are depriving him of additional resources for his invasion.


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