Italian Luxury Brands Sanctions
Fleeing sanctions Russian oligarchs seek safe ports for superyachts Most of the Russians on the annual Forbes list of billionaires have not yet been sanctioned by the United States and its allies and their superyachts are still cruising the worlds oceans. The Russian ruble has crashed to a record low after the invasion of Ukraine as sanctions bite.
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Rich Russians are buying luxury jewelry and watches as stores of value for the floundering currency.
Italian luxury brands sanctions. Italian prime minister Mario Draghi successfully secured a carve out for Italian luxury goods from the EUs package of economic sanctions against Nato EU dip tells me. Apparently selling Gucci loafers to oligarchs is more of a priority than hitting back at Putin source adds. Joe Barnes Barnes_Joe February 25 2022.
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