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Smuggled grand pianos present Trump’s problem in pressuring Putin

Smuggled grand pianos present Trump’s problem in pressuring Putin


While U.S.-led export controls on Russia have primarily focused weapons elements and high-end chips, a much less threatening product exhibits simply how arduous will probably be for Donald Trump to squeeze Vladimir Putin’s financial system: Japanese grand pianos.

Along with many different U.S. allies, Japan barred the export of luxurious items to Russia a couple of months after the full-scale invasion of Ukraine started in early 2022. Grand pianos valued at greater than round $1,300 have been included on Tokyo’s listing of banned items.

Official information present Japan’s piano exports to Russia plunging because the ban was launched. But Japan’s exports to China rose 300% in 2023 from a yr earlier, in keeping with United Nations commerce information — regardless of a stoop in Chinese shopper demand brought on by a deteriorating financial system.

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Written by EGN NEWS DESK

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