FT explained the scheme – UNIAN
It is noted that the underground luxury market is thriving because suppliers do not care who the buyer is.
Wealthy Russians have found a way to circumvent sanctions to buy luxury brands. To do this, they use the industry of personal shoppers, resellers and cross-border smugglers
The Financial Times writes that social networks are filled with resellers serving both large retailers and private buyers in Russia, promising a way to circumvent sanctions on expensive bags and high fashion items.
Following Vladimir Putin's full-scale invasion of Ukraine in 2022, European luxury brands have faced restrictions on sales in Russia, with the EU limiting legal sales to items costing up to €300. Although the average prices for luxury fashion are significantly…
