Some 8,000 luxury cars destined for Russia are parked at the Port of Zeebrugge in Belgium as authorities there try to navigate a maze of sanctions slapped on Moscow for its invasion of Ukraine.
The cars—including some of the latest Lexus, Cadillac and Mercedes models—arrived from Asia in the first week of April. They were supposed to be transshipped to Russia, but came under a luxury ban that prohibits vehicles worth more than €50,000, equivalent to $54,000, from being exported. The buildup of vehicles is one example of the confusion at key European ports over how to interpret and enforce sanctions against Russia.
To Read the Full Story
This post first appeared on wsj.com
