The rich are crying again. Russia's luxury segment hit painfully by sanctions
Luxury manufacturers, among other companies, stopped working with Russia after the start of the war in Ukraine. The decisions of private brand owners were supported by official sanctions imposed by the West. In particular, Exports of luxury goods priced higher than $1,000 per unit to Russia were banned by the US, and higher than €300 per unit by the EU. The idea is that the Russian elite, which massively supports Putin's military aggression, will suffer.