The decline in exports to Russia affected Italian trade, particularly consumer goods production. it has been said about DEA News Ferdinando Pelazzo, President of the Italian-Russian Chamber of Commerce.
According to him, the supply of goods from Italy to the Russian Federation at the beginning of the events in Ukraine amounted to 4% of all national exports, at the moment – 0.9%. Russia bought large quantities of goods from medium and small Italian producers, which are not well known in the international market, was able to export the goods, because the Russian side provided the logistics.
We are talking about manufacturers of shoes, equipment (Lombardy). Pelazzo noted that manufacturers have been working directly with the Russian Federation for the last 20 years and that the Russian market is quite interesting, but Western sanctions have also strongly affected this sector.
On February 24, 2022, Russian President Vladimir Putin announced that he had decided to conduct a special military operation in Ukraine in response to a request for assistance from the heads of the LPR and DPR.
The decision to run the operation became the justification for new sanctions against Russia by the United States and its allies.
In addition, many Western companies such as McDonald’s, The Coca-Cola Export Corporation, Nike Inc, Adidas AG, Inditex SA (Zara, Pull&Bear, Massimo Dutti, Bershka) have decided to suspend their operations in the Russian Federation or leave altogether. Russian market.
Previously at the European Commission in your name The amount of Russia’s sovereign assets frozen in the European Union