Cia, except for Made in Italy wine from the EU to stop only luxury bottles in Russia

Published 2022년 3월 16일

Tridge summary

The European Council has imposed sanctions on Russia, which includes a ban on the export of high-end wines and spirits, except for those from Italy, with a limit of 300 euros per bottle. However, the sanctions have also led to a decrease in Italian agri-food exports to Russia by 1.4 billion euros in the last 8 years due to an embargo on fruit, vegetables, cheeses, meats, and cured meats. The new sanctions come at a time when Italian agriculture is already facing challenges such as the war in Ukraine, increasing energy, diesel, and fertilizer costs, and stock shortages of feed. The Italian farmers' association, Cia-Agricoltori Italiani, is calling for urgent interventions from institutions to help the sector navigate the crisis.

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Original content

With the new package of sanctions against Russia launched by the European Council, the block on the export of high-end wines and spirits arrives. While the tricolor productions are saved, starting with Prosecco and Asti spumante. Stop by the EU, therefore, to shipments to Moscow of bottles over 300 euros, with a provision that suspends the supply of luxury goods to the oligarchs, but fortunately leaves out a large part of exports from Italy, the first supplier of wine on the market Russian, ahead of France, with a direct turnover of over 150 million euros, up by 35% in ten years. Thus Cia-Agricoltori Italiani, commenting on the measure contained in Regulation 2022/428 published in the Official Journal of the EU. Among other things - Cia recalls - Made in Italy agri-food exports to Russia have already lost 1.4 billion euros in the last 8 years due to the embargo still in force on fruit and vegetables, cheeses, meats and cured meats, decided by Putin in 2014 in response to the EU ...

Source: Cia