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Spotlight | Russia
Luxury sector eludes effort to seal Ukraine sanctions loopholes

One of the first packages of EU sanctions banned luxury groups from doing business in Russia.
One of the first packages of EU sanctions banned luxury groups from doing business in Russia. © Studio Pachamama
After Moscow annexed four Ukrainian regions last week, the European Union and the United States sought to tighten the grip of sanctions already in place against Russia, particularly over the trade in luxury goods. But at the eleventh hour, brands that have long prospered from their Russian clientele have managed once more to slip through the cracks in Europe. [...]
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