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Italian Food Sector Suffered a Lot Because of the Russian Counter-embargo
August 18, 2017 16:52


 The Russian embargo on the import of products introduced in response to Western sanctions against Moscow caused great damage to small and medium-sized Italian businesses. This was told by the President of the Italian-Russian Chamber of Commerce, Rosario Alessandrello.

According to the expert, the embargo “does not harm European companies, especially German companies”, but it does damage to Italian companies.

This is due to the fact that the country’s enterprises are poorly represented at the Russian market, as compared to German companies, which makes them more vulnerable to restrictions, as Alessandrello noted.

The President of the Chamber of Commerce pointed it out that the food sector suffered most of all. “Italy has lost 11-12 billion euros of exports to Russia and 200,000 jobs by today because of the Russian counter-embargo” - he said.


Author: Anna Dorozhkina


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