Russia Ukraine war updates: Russian officials take Swiss watches worth millions during the Ukraine conflict.1 min read
Former President Dmitry Medvedev claimed earlier this month that a new law would allow Russia to nationalize the assets of Western corporations leaving the country. Audemars Piguet watches may cost more than £700,000 ($921,000) each. According to industry authorities, Switzerland sold 260 million Swiss francs ($280 million) worth of timepieces to Russia last year, but considering the amount of Russian clients buying luxury goods in Switzerland, the market may be worth considerably more. Security agency officers allegedly confiscated the Swiss watches from a retailer on Tuesday for allegedly breaking customs restrictions, according to Swiss media.