Executive Order Bans Luxury Goods to Russia & More
![Executive Order Bans Luxury Goods to Russia & More](https://mohawkglobal.com/wp-content/uploads/2022/03/lux-ban-russia.png)
On March 11, President Joe Biden issued an executive order that bans luxury goods headed to Russia. This includes vehicles, jewelry, high-end alcohol, and high-end watches. A fact sheet states that Russians import about $550 million worth of these goods a year. New banking-related and financing restrictions have also been announced, as well as blocking…
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