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The Guardian - UK
The Guardian - UK
Business
Zoe Wood

Britain blocks luxury exports to Russia worth hundreds of millions

A waiter with champagne at a Sotheby's pre-auction exhibition of artworks in Moscow in October
A Sotheby's pre-auction exhibition of artworks in Moscow in October. The auction house says it has already stopped the import and export of artefacts to and from Russia. Photograph: Yuri Kochetkov/EPA

Russian oligarchs will no longer have access to baubles such as the cars, artworks and designer handbags sold by British companies, after the government blocked exports worth hundreds of millions of pounds.

Last year, UK firms in total sold £2.6bn worth of goods to Russia, the biggest slice of which was cars, at around £400m, as wealthy Russians splashed out on prestigious marques such as Aston Martin, Bentley and Rolls-Royce.

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