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In response to the Russian Federation’s (Russia’s) invasion, the Department of Commerce is imposing restrictions on the export, reexport, or transfer (in-country) to or within Russian or Belarus of ‘luxury goods’ under the Export Administration Regulations (EAR) and for exports, reexports, and transfers (in-country) worldwide to certain Russian or Belarusian oligarchs and other malign actors supporting the Russian or Belarusian governments. Taken together, these new export controls will significantly limit financially elite individuals’ and organizations’ access to luxury goods and thereby accentuate the consequences of providing such support.