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Anti-Russian sanctions

Italy lost 24.7 bln euro since 2014 due to anti-Russian sanctions - business association

According to the association, fashion and machine-building industry were affected the most

ROME, February 26. /TASS/. The active anti-Russian sanctions, imposed in 2014, reduced European exports to Russia by over 22%, according to information, provided by the Confartigianato association of Italian small and medium businesses.

"Economic sanctions against caused European exports to this country to shrink by 22.2%; Italy was affected the most (minus 28.5%)," the association noted. "In eight years, our losses on the Russian market amount to €24.7 billion, or about €3 billion per year."

According to the association, fashion and machine-building industry were affected the most.

The "unavoidable new sanctions" over the event in Ukraine "will also seriously affect the Italian business," the association added.

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Sanctions vs. Russia Italy

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