INTERNATIONAL REGULATORY ROUND UP – RUSSIA SANCTIONS HIT KNITWEAR TRADE
May 26th, 2022
Luxury knitwear and lingerie producers in the European Union (EU) have been banned from selling and supplying goods worth more than EUR300-a-piece to Russia, as the country’s military continues its invasion of Ukraine. The sanctions, imposed by the EU Council of Ministers bans even indirect sales via third parties to individual Russian consumers, traders and companies. The sanctions cover a wide range of goods, from knitted suits, jackets, trousers, overalls, shorts, dresses, skirts, to shirts, blouses, underpants, briefs, nightshirts, pyjamas, ...
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