New package of sanctions - new restrictions. Today, the EU announced a ban on the export of yachts and motor boats to Russia. How will this affect the market and what will happen next? Interparus will try to figure it out.
What has been decided in the EU?
In a press release from the authorities, it is reported that the supply of “yachts and other vessels for recreation and sports is being stopped in the Russian Federation; rowing boats and canoes. Among other things, all goods under the tariff code CN 8903 00 00 are subject to export sanctions.
Also from the press release: “These sanctions will further increase economic pressure on the Kremlin. This is one of the means to undermine his ability to finance his invasion of Ukraine. All our actions have been coordinated with international partners, in particular with the United States.”
Among other things, the EU decided to ban the sale and export of luxury goods. This, they say, will directly hit the Russian elite. If we touch on the topic of yachting, then any superyacht can be considered a luxury item.
Moreover, the list of individuals and entities subject to sanctions has been further expanded. It now includes more oligarchs and business elites with ties to the Kremlin. Companies operating in the military and defense sectors also fell under the sanctions. These companies are logistically and materially supporting the invasion. New lists of entities actively engaged in disinformation have also appeared.
Consequences for the Russian Federation
If everything is clear with superyachts - there will be an order of magnitude fewer in the coming months, then the market for conventional sailing yachts will be able to last for some more time. It takes time for sailing yachts to become a truly scarce commodity. Experts give an estimate of 2-3 years.
What is left for yachting enthusiasts to do? You can look at Russian brands. Baikal Yachts, Bering Yachts, Boat Marine… The list is long. It is a pity that the yachts of these brands are unlikely to be better than foreign ones Dufour, Allures, RM and others.
The problem will also lie in the fact that spare parts for Russian yachts are exported. The production of a boat is not a fast process, as long as there are enough capacities and spare parts. However, this will not happen in the near future either. So wait for the latest revisions of Russian boats.
What's next? And then a return to the beloved by many “Kazanka” and “Southerners”. Yes, yes, those same boats come from the distant USSR. Kayaks, by the way, were also quite good. But, let's say, on your "Kazanka" the engine broke down. Alas, you can no longer buy foreign Yamaha. But there is a way out! Motor "Whirlwind" - at your service. By the way, do not forget about "Neptune" and "Veterok". Also great analogies.
As we can see, yachting enthusiasts in the Russian Federation will have something to do. For the first couple of years, changes are unlikely to be noticeable - except that you can’t go to the ports of the EU and the USA. But further ... Further there will be problems. We hope that the crisis caused by the war in Ukraine will end soon. We believe in the best!
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