Italy: The (high) bill of seven years of embargo

Published 2021년 8월 27일

Tridge summary

Italian agri-food exports to Russia have seen a decline of 1.4 billion over the past seven years due to the trade embargo imposed by Russia in 2014 in response to EU sanctions. The embargo has affected a variety of European products, including fruit, vegetables, cheeses, meat, and fish. The extension of EU sanctions against Russia until January 2022 has further impacted exports, leading to the elimination of several products from the Russian market. The current situation is worsened by the presence of counterfeit Italian products in Russia. The recent visit of Russian Foreign Minister Sergey Lavrov to Italy was seen as an opportunity to strengthen dialogue and potentially improve trade relations.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Made in Italy agri-food exports to Russia have lost 1.4 billion in the last 7 years due to the embargo decided by Putin with decree no. 778 of 7 August 2014 which still affects an important list of European products with the ban on the entry of fruit and vegetables, cheeses, meat and cold cuts, but also fish, as a retaliation for the sanctions of the European Union. This is what emerges from an analysis by Coldiretti on the occasion of the visit to Rome by Russian Foreign Minister Sergey Lavrov for meetings with Prime Minister Mario Draghi and Italian Foreign Minister Luigi di Maio on the international situation and relations between the G20 countries. A visit that comes a few weeks after the decision of the EU Council to extend for a further six months, until January 31, 2022, the sanctions for the destabilization of Ukraine against Moscow which, in turn, for seven years has responded with a trade embargo that led to the complete elimination of exports to Russia of various ...

Source: Italiafruit