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Russia seizes several million dollars worth of Audemars Piguet watches

Russia seizes several million dollars worth of Audemars Piguet watches

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Agents of the FSB, the Federal Security Service of the Russian Federation, seized several luxury watches worth millions of dollars from a Moscow-based Audemars Piguet boutique.

 

As Switzerland abandoned its neutrality status to join Western countries in imposing sanctions against Russia for its invasion of Ukraine, many luxury companies, including Swiss watchmakers, followed suit and suspended their operations and exports to that country.

 

This seizure could therefore be linked to the sanctions put in place by Switzerland and its companies, although the FSB has stated that the seizure was made for “customs violations” , while claiming that the watches had transgressed local Russian customs rules when imported.

 

 

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Featured photo : © Audemars Piguet

Agents of the FSB, the Federal Security Service of the Russian Federation, seized several luxury watches worth millions of dollars from a Moscow-based Audemars Piguet boutique.

 

As Switzerland abandoned its neutrality status to join Western countries in imposing sanctions against Russia for its invasion of Ukraine, many luxury companies, including Swiss watchmakers, followed suit and suspended their operations and exports to that country.

 

This seizure could therefore be linked to the sanctions put in place by Switzerland and its companies, although the FSB has stated that the seizure was made for “customs violations” , while claiming that the watches had transgressed local Russian customs rules when imported.

 

 

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This article is reserved for subscribers.

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Featured photo : © Audemars Piguet

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