EU considers ban on exports of luxury cars to Russia

  • 3/14/2022
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The potential ban will also include planes, boats, motorbikes, and chairlifts worth over 5,000 euros RIYADH: The EU is considering a ban on exports of luxury cars worth over 50,000 euros ($54,760) to Russia. This will be regarded as part of the sanctions plan to be imposed on Russia, Bloomberg reported, citing two diplomats familiar with the plan. The EU measure will apply to models from multiple European car makers such as Audi, BMW, Mercedes, Ferrari and Porsche. The potential ban will also include planes, boats, motorbikes, and chairlifts worth over 5,000 euros. The ban comes as part of a fourth tranche of sanctions that the EU is imposing against Russia following its invasion of Ukraine.

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