Despite EU sanctions, luxury car smuggling thrives in Russia and North Korea, showcasing a relentless pursuit of status among ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Russian smugglers are charging tens ...

Since the start of the war in Ukraine, many countries, including those in the European Union (EU), have imposed heavy ...

Many of these sanctions and other actions focused on rich Russian oligarchs, forbidding them from purchasing luxury goods and ...

German automaker BMW Group has revealed that despite widespread international and EU sanctions, it has sold more than 100 luxury cars to Russian buyers, thus confirming earlier media reports.

BMW announced on Dec. 23 that it had dismissed employees involved in exporting over 100 luxury cars from Germany to Russian buyers in violation of sanctions. A Russian oligarch also illegally ...

German automaker BMW Group has revealed that despite widespread international and EU sanctions, it has sold more than 100 luxury cars to Russian buyers, thus confirming earlier media reports. The ...

The announcement confirms a report from the news outlet Business Insider, said that over 100 luxury cars had been delivered to Russian buyers despite ongoing sanctions. BMW discovered ...

Despite a barrage of Western sanctions and swathes of brands quitting Russia after the Kremlin launched its Ukraine offensive ...