Automakers

EU said to mull Russia export ban on cars worth over 50,000 euros

Ferrari dealer Barvikha outside Moscow 2016
Ferrari would be among brands affected by a ban. Shown are cars in a Ferrari dealership near Moscow. (REUTERS)
B
By:
Bloomberg
March 14, 2022 03:10 PM

The EU is discussing a ban on exports of luxury vehicles worth more than 50,000 euros ($54,760) to Russia as part of its latest sanctions package, according to two diplomats familiar with the plan.

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