Crolla Italian exports to Russia The Cgia: fault of the ruble crisis – BBC

We export less and less in Russia and the statistics have already It stirred controversy, with many politicians who immediately called for the lifting of European sanctions decided by the annexation of the Crimea and Moscow’s role in the Ukrainian civil war. But if our goods can no longer find an outlet, this is due almost entirely to the deep economic crisis in Russia and not the sanctions and counter-sanctions decided by the Kremlin. The latest figures released by the Association of craftsmen and small enterprises Mestre show that the real collapse in exports (-34 per cent over two years) was recorded in the manufacturing sector that has not affected the European embargo.

The manufacturing sector

The Russians are buying fewer cars, less equipment, clothing, shoes, furniture and electrical equipment because they have no money, and domestic demand has fallen dramatically. With the drop in oil and gas prices, which constitute the main item of Russian exports, the Kremlin is unable to bring the country out of the

recession that, in their case, it is accompanied by substantial inflation. Between 2013 and 2015 our exports were down 10.7000000000 to 7.1000000000 euro. But very little to do sanctions. He says the agency Moscow Institute for Foreign Trade, on this trend “has greatly influenced both an effect of the real economy is a currency effect.” Namely recession and the ruble’s decline. So if Italy were to choose to support at European level the Russian request to cancel the sanctions, this should take place as a result of a political decision. And not with the economic justification of the damage caused to our exports by the sanctions.