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https://www.ft.com/content/d5ab4158-b9fd-4fbb-a301-090c83785ed5

Russian smugglers are charging tens of thousands of euros to import luxury cars from Europe, as EU sanctions in response to Moscow’s full-scale invasion of Ukraine hit the country’s wealthy. The Financial Times has identified five Russian companies offering to smuggle cars from Europe with engine sizes sufficient to come under EU sanctions, which were imposed in 2022 as part of a ban on the export of luxury goods to the country. Pictures for an online advertisement from the Russian importer AvtoImport on the website Auto.ru for a BMW 530 d M Sport priced at Rbs7,200,070 ($68,200) show that the car is still in Germany. As of mid-December, the vehicle was still on sale for €31,900 on the website of German seller Autopartner BGL. “The ads that are running in Russia have nothing to do with us,” said a representative of Autopartner BGL, confirming that the car in question was still in Germany and had not been sold as of mid-December. The FT identified more than 50 luxury cars from 25 different German car dealerships on the Russian website Auto.ru, which Russian importers were offering at an average mark-up of about €19,000.

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