Close Menu
  • Home
  • Crypto News
  • Tech News
  • Gadgets
  • NFT’s
  • Luxury Goods
  • Gold News
  • Cat Videos
What's Hot

Singapore Court Hearing Postpones Decision on WazirX Hack Compensation

May 15, 2025

Top 10 Features That Make the Apple Ecosystem Unbeatable

May 15, 2025

top 5 funny cat moments!!!😂😂😂

May 15, 2025
Facebook X (Twitter) Instagram
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Use
  • DMCA
Facebook X (Twitter) Instagram
KittyBNK
  • Home
  • Crypto News
  • Tech News
  • Gadgets
  • NFT’s
  • Luxury Goods
  • Gold News
  • Cat Videos
KittyBNK
Home » EU seeks to ban Russia’s import of luxury cars — FT — online.ua
Luxury Goods

EU seeks to ban Russia’s import of luxury cars — FT — online.ua

May 25, 2024No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
EU seeks to ban Russia’s import of luxury cars — FT — online.ua
Share
Facebook Twitter LinkedIn Pinterest Email

The European Union is preparing to strengthen sanctions against Belarus. The new sanctions will be aimed at limiting the “loopholes” that Russia uses to circumvent the restrictions

What is known about the new EU sanctions

The European Union plans to expand sanctions against Alexander Lukashenko’s regime in Belarus, as Russia uses Belarus to circumvent sanctions. With Minsk’s help, Moscow continues to import luxury cars and luxury goods.

According to a draft seen by the Financial Times, the new restrictions being discussed by EU member states are aimed at “minimizing the risk of circumvention”.

The new sanctions will ban exports to and through Belarus of technologies and goods that can be used for military purposes and liquefied natural gas. The EU will also stop importing diamonds from Belarus.

As the publication notes, if the new sanctions are adopted, their main goal will be to restrict the flow of luxury car sales to Belarus, which will then go to Russia.

The monthly flow of vehicles and spare parts to Belarus from EU countries increased from $50 million in January 2022 to $268 million in January 2024. The largest increase in exports was recorded in the most expensive categories of cars, i.e. those that fell under EU sanctions against Russia.

Customs officers from EU countries believe that Belarusian companies have become a key component of Russian smuggling networks. As the Financial Times writes, despite the sanctions, Rolls-Royce and Maybach luxury cars are still being imported to Russia. At the same time, they enter the Russian Federation within a few months after leaving the factory.

Western sanctions against Russia: What is known

Since the beginning of the full-scale invasion, the European Union has already introduced 13 packages of sanctions against Russia for its war of aggression against Ukraine. The EU also introduced sanctions against Belarus.

The EU is currently discussing a package of 14 sanctions against Russia. The mass media reported that 21 Russian companies and 19 individuals will be included in the sanctions list.

EU ambassadors also agreed on new sanctions against Russia due to the death of opposition leader Alexei Navalny.

More on the topic

Category

Economics

Publication date
20 May 07:47
Додати до обраного

Category

Economics

Publication date
20 May 14:06
Додати до обраного
Diamonds
Category

Economics

Publication date
20 May 16:44
Додати до обраного
Russian tanker


Credit: Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Mercedes has made some legendary supercars over the years

July 30, 2024

American sandwich billionaire spent hours setting up a private party on a protected and pristine Sardinia beach only to be sent abruptly packing back to his $60 million superyacht after being busted by the coast guard.

July 30, 2024

Mercedes-AMG Plans To Stick To ICE Power For As Long As It Possibly Can

July 30, 2024

The American billionaire who owns Instagram’s most popular superyacht is selling it for $47.5 million. Its new owner will enjoy a mansion-like duplex suite, an arsenal of toys, sumptuous gourmet meals served by an immaculate crew, and a massive social media following.

July 30, 2024
Add A Comment
Leave A Reply Cancel Reply

What's New Here!

Spanish Mountain Gold Announces AGM Voting Results

June 13, 2024

What Electric Car Brand Would You Buy From Today?

May 18, 2024

Alychlo Awards 2024: TISG Wins Best Performing Large Size Company

April 22, 2024

Teenage Engineering’s K.O. II groovebox is feature-rich and only $300

November 22, 2023

Victor Ozomoge: SS24 Pristine Collection from Zomoge Inspired exudes class, elegance

December 2, 2023
Facebook X (Twitter) Instagram Telegram
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Use
  • DMCA
© 2025 kittybnk.com - All Rights Reserved!

Type above and press Enter to search. Press Esc to cancel.