RUSSIA BAN: EU Sanctions Cause Luxury Cars to Pile Up in Zeebrugge
– By Godswill Odiong

Kindly Share

Facebook
Twitter
LinkedIn
WhatsApp

By Our Correspondent

The ban on luxury cars by the European Union, EU, has caused them to pile up in Russia, according to FleetMon.

In its latest report, FleetMon, stated: “One of the EU sanctions imposed on Russia is a Luxury Ban in mid-March. One of its implications is that the sale of EU-made vehicles over 50,000 Euros is banned in Russia.

“The port of Zeebrugge, one of the most important ro-ro ports, through which a lot of luxury cars make their way to Russia. An increasing number of luxury cars are getting stranded in Zeebrugge as the port is not forwarding these shipments.

“Since the imposition of the ban, Zebrugge has received around 8,000 luxury cars for transshipment to Russia. Even though these cars were not made in the EU, the vehicles are currently in Europe. The local ports are not sure how to correctly interpret and enforce these sanctions. Marc Adriansens, Director of the port’s International Car operators terminal, said that they received instructions from customs officials stating that the cars could not leave the area.”

Kindly Share

Facebook
Twitter
LinkedIn
WhatsApp

Copyright @ TheDaily. All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from TheDaily

Leave a Comment

Your email address will not be published. Required fields are marked *

📰 Subscribe to our Newsletter

Scroll to Top