Russia at war: Italy’s Luxury Industry amidst sanctions

Russia at war: Italy’s Luxury Industry amidst sanctions

02 March 2022, Mumbai:

Milan Fashion Week kicked off just as Vladimir Putin ordered the attack on Ukraine, leaving the industry rattled by the news and the city a stage for several protests in support of the beleaguered country, also outside show venues.

ALSO READ Russia at War: Impact on Milan Fashion Week

Fake news started to circulate, such as a report that Italy had made a request for carve-outs on sanctions, including for luxury goods, which was firmly denied by an official tweet from Palazzo Chigi, the seat of the country’s Council of Ministers and the official residence of the country’s Prime Minister Mario Draghi.

 

RELATED ARTICLE: Luxury brands hike prices as sales rebound

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*CREDITS: finance.yahoo.com article.

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