MILAN – Milan Fashion Week continued under the shadow of the Russian attack of Ukraine and the possible economic repercussions as the West moves toward tighter sanctions.
The head of the Italian fashion council said more than 1 billion euros worth of luxury exports to Russia could be at risk, even as Russian buyers return to Milan for the first time since the pandemic thanks to a deal brokered with the government to recognize the Sputnik V for business travelers.
“If things continue like this, there will be damage,” Carlo Capasa, president of the Italian National Fashion Chamber, told The Associated Press.
“But it is not even the moment to think about the economic damage, but instead the damage that man does to himself.”
