Russia seizes Audemars Piguet watches in apparent retaliation for Swiss sanctions

Timepieces worth millions of dollars were taken by FSB agents in Moscow, according to a Swiss paper

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Russian agents seized millions of dollars-worth of Audemars Piguet watches in Moscow in an apparent retaliation for Swiss sanctions banning luxury goods exports, Swiss newspaper NZZ am Sonntag reported.

The watches, which can cost more than 700,000 apiece, were seized from the firm's local premises by special agents from Russia's FSB on Tuesday, the newspaper said. It cited people familiar with a confidential Swiss Federal Department of Foreign Affairs memo written for members of parliament that apparently gave details of the raid.