Europe, U.K. Hit Russia with Luxury Goods Ban, High Tariffs

INSUBCONTINENT EXCLUSIVE:
The EU and U.K
on Tuesday announced a new round of sanctions against Russia and Belarus, banning exports of high-end luxury goods, increasing tariffs for
the export of luxury goods from Europe, the U.K
the fourth package of economic restrictions adopted by the EU and the U.K
U.S
has banned the import of Russian oil products.More than 300 private western companies have since left Russia
As a countermeasure, Russian authorities are considering nationalizing their assets of western companies that exit the country.