Jean-Guillaume Benoit

Nov 27, 2023 | lexology.com | Lionel Van Reet |Jean-Guillaume Benoit |Paul Amberg |Karen Roberts |Zahra Abba Omar

In briefThe next round of EU sanctions on Russia — the 12th package of sanctions, due to be announced soon — could have a significant impact on the luxury and fashion industry and specifically on importers of Russian and non-Russian diamonds into the EU and potentially on imports of jewelry, watches, or articles of clothing that incorporate diamonds. OverviewThe proposed 12th package of EU sanctions against Russia calls for a ban on the import of Russian diamonds into the EU.