Fur hat and coat from Russia sank at sea (9)

I believe the answer is:

astrakhan

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'fur' is the definition.
(astrakhan is a kind of fur)

I can't explain the rest of the clue.

(Other definitions for astrakhan that I've seen before include "Hark, Santa is in Russian wool" , "Fleece from Central Asia" , "Hark Satan (anag.)" , "Fur - city on Volga" , "Russian sheep's wool" .)

I've seen this clue in The Independent.

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