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'A blow to the elite': EU bans exports of luxury goods to Russia
The European Union is banning the export of European luxury goods to Russia. This was announced by European Commission President Ursula von der Leyen. The ban is part of a new set of sanctions that the EU is taking in consultation with international partners in the G7 because of Russia's invasion of Ukraine.

The export ban on European luxury goods is meant to be "a blow to Russia's elite," von der Leyen argues. "The financiers of Putin's war machine must no longer enjoy their lavish lifestyles as bombs fall on innocent people in Ukraine," she said. The finance, interior and justice ministers of the G7 countries will also meet next week to continue the hunt for the elite surrounding Putin.

In addition, the G7 countries are withdrawing Russia's Most Favored Nation status. This will allow tariffs to be levied on a wide range of Russian goods. The G7 also plans to block funding of Russia by international institutions such as the World Bank and IMF.

Finally, the G7 is also taking steps to prevent the circumvention of sanctions through crypto currencies and will ban the import of key goods in the iron and steel sector from Russia. "This will hit a central sector of the Russian system and deny the country billions in export revenue," Von der Leyen argues. Finally, she will also propose a ban on new European investments in the Russian energy sector.

https://www.hln.be/buitenland/....een-klap-voor-de-eli

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De Europese Unie verbiedt de export van Europese luxegoederen naar Rusland. Dat heeft Europees Commissievoorzitter Ursula von der Leyen aangekondigd. Het verbod maakt deel uit van een nieuwe reeks sancties die de EU in overleg met de internationale p