Australia to Ban Luxury Exports to Russia

Australia will soon ban exports of luxury goods to Russia, following similar export restrictions by the U.S. and EU (see 2203110056 and 2203150027). The ban, which takes effect April 7, will apply to a range of goods, including wine, high-value cosmetics and parts for luxury vehicles, Australia's foreign affairs ministry said April 5. “The Australian government is deeply committed to imposing the highest costs on Russia for President [Vladimir] Putin’s illegal and unprovoked war,” the ministry said. Similar export restrictions imposed by Japan took effect April 5 (see 2203250030).