Brussels says it will ban the export of EU luxury goods to Russia
The European Union will ban the export of its luxury goods to Russia in order to deal "a blow to the Russian elite", as part of new sanctions decided with G7 countries, says European Commission President Ursula von der Leyen.
"Those who sustain Putin's war machine should no longer be able to enjoy their lavish lifestyle while bombs fall on innocent people in Ukraine," she added in a statement.
The measure is part of a fourth package of sanctions that aim to cripple Russia's ability to fund its military assault against Ukraine which will be introduced on Saturday.
Taken in coordination with G7 countries, which include the UK, the US, Canada and Japan, the package also includes denying Russia the status of most-favoured nation in their respective markets.
"This will revoke important benefits that Russia enjoys as a World Trade Organisation (WTO) member. Russian companies will no longer receive privileged treatment in our economies," she added.
Read more on euronews.com
