The European Union is currently working on a ban on the export of cars worth more than €50,000 to Russia. This was stated by two diplomats familiar with the plan to Bloomberg† The export ban is part of the latest sanctions package that Brussels is imposing on Russia over the war in Ukraine.
The proposed ban is expected to be approved on Monday. The details may still change, but the export ban would apply to all cars worth more than €50,000, including models from various European car brands – including Audi, BMW, Mercedes-Benz, Ferrari and Porsche. . In addition to curbing the export of cars to Russia, the EU measure also affects boats, planes and motorcycles.
For the brands themselves, little will change with the new export ban. Many European car manufacturers, including the Volkswagen Group, Mercedes-Benz, Volvo, BMW and Stellantis, have already stopped supplying cars to Russia. Jaguar and Aston Martin, among others, are formally excluded from the sanctions package because they are not established in an EU country, but they also no longer sell vehicles to Russia. However, the export ban may change what traders still export cars to Russia. They will be in violation if they continue to do so.
In turn, Russia also imposed an export ban on cars to the west. That will probably not have much effect, because, among other things, the entire Lada production has already come to a standstill due to the sanctions that have been imposed on the country. In any case, there is little left to export.
– Thanks for information from Autoweek.nl