The G7 Countries Have Banned Art Exports to Russia – We Asked Legal Experts What This Really Means

Nicholas O'Donnell was quoted in the article, "The G7 Countries Have Banned Art Exports to Russia − We Asked Legal Experts What This Really Means," published by The Art Newspaper.

The article discusses the recent ban on exports to Russia of high-end luxury goods, including art and antiques, and how many airlines are cancelling flights into and out of Russia. Nick points out, "many collectors store work in [freeports in] international cities that currently are not subject to restrictions, like New York, Geneva or Luxembourg." "If a sanctioned oligarch loaded up their yacht or Gulf Stream G550 with Basquiats and tried to move them to a more amenable country, customs officials would stand in their way on arrival," Nick adds.