The European Union has added Russia’s Alrosa, the world’s biggest diamond producer, as well as its CEO Pavel Alekseevich Marinychev to its sanctions list, it …
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Sanctions
EU Agrees to Ban Russian Diamonds in New Sanctions Package
The European Union Council has adopted a 12th package of sanctions against Russia, the European Commission said in a statement on Monday, after Austria gave …
Iranian Fashion Retailers Pursue Growth Amid Sanctions
Local brand representatives at the fourth edition of the Iran Retail Show, held at the Tehran International Exhibition Centre from July 24 to 27, signalled …
Diamond Prices Spike, Sanctions Disrupt Supply Chain
Prices are surging in some corners of the rough-diamond market, as sanctions on one of the world’s two giant miners ripple through the supply chain. In the …
Wildberries Sees Q1 Turnover Increase as Russian Sanctions Cloud Outlook
The Moscow-based fashion e-commerce giant reported a turnover of 289.2 billion roubles ($4 billion) in the first quarter of 2022, a 95 percent increase year-on-year, …
What Russian Sanctions Mean for Fashion
A couple of weeks ago, cult brand Pangaia briefly disappeared from the website of British retailer Selfridges. The label was caught up in a broad …
UK Adds Diamond Producer Alrosa to Sanctions List
Britain sanctioned another wave of Russia’s banks, critical industries and a host of members of its elite on Thursday, including Gazprombank, Alfa Bank, and a …
UK Hits Russia With New Sanctions on Luxury Goods
The UK is banning exports of luxury goods to Russia, the British government announced Tuesday. The ban, which will “come into force shortly,” is part …