Karavaev: Italy GDP will fall in the event of a total export ban in Russia
Sergey Startsev. Italy GDP will shrink by 9, 5 billion euros per year in case of a complete ban of export deliveries of this state in the Russian Federation, said in an interview Last news trade Commissioner of the Russian Federation in Italy Igor Karavaev referring to professionals reputable Milan University Luigi Bocconi.
With such developments losses on the Italian labour market will be more than 105 thousand jobs, said the authors of the research work conducted in the light of the anti-punishment EU and retaliatory embargo from Russia.
Experts from the University of Milan has considered 3 scenarios for a possible development of events. 1st of them provides for the preservation of the existing Russian embargo relating to certain agricultural products, raw materials and food. The second scenario is based on the hypothesis that the existing restrictive measures will be extended to textiles, clothing, footwear and high-tech products. Third, the most pessimistic scenario assumes a Complete ban of Italian exports to the Russian Federation. In the first scenario, Italy GDP will be reduced by 150 million euros, and the number of jobs will decrease by 2, 5 thousand. At 2-m - GDP will decrease by 2, 3 billion euros, and will not work 34 thousands of Italians. The main impact will have on small and medium business, which is the basis of the Italian economy.
explaining the data of this research, Karavaev noticed that the attitude of the Italian business community to the anti-EU sanctions that caused the response from the Russian Federation, is " very fast negative." This is not surprising, because for many export factories in Italy, working in the field of engineering, manufacturing furniture, clothing, chemical products, our country remains one of the main partners and a very promising market, " he said pointing.
Karavaev has focused on the fact that his disagreement with the policy of sanctions the EU continuously say the leaders of the industrialized Northern Italy. So, Governor of the Veneto region Luca ZAIA announced not long ago that in order to protect the interests of Italian export factories, local authorities have plans to appeal the European sanctions against Russia.
The trade representative of the Russian Federation has also led phrase of the authorized number of prominent economic and political elites of Italy. So, the head of the management Board of the Bank Intesa Sanpaolo Gian Maria Gros-Pietro said that " punishment is a game with a negative result for all ", and the former Prime Minister of Italy Romano Prodi, believes that " Europe is playing with someone else's hands " and called restrictive measures " collective suicide ".
The US and EU do not recognize the annexation of Crimea to Russia and accuse Moscow of interfering in Ukraine. Russia denies It and calls the accusations are unacceptable. Western countries since March has repeatedly imposed punishment on a number of Russian politicians, businessmen and organizations and threatened to make wider restrictive measures.
A complete list of Russian Citizens and organizations who are under punishment, -
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