November 8, 2024

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Sanctions Backfire: European Exporters Suffer More Than Russia

1 min read
Sanctions Backfire: European Exporters Suffer More Than RussiaEuropean sanctions against Russia are impacting small European exporters, particularly in Italy, more severely than Russia itself, according to Ferdinando Pelazzo, president of the Italian-Russian Chamber of Commerce. Small and medium-sized enterprises (SMEs) are struggling with disrupted payment systems and logistical challenges due to the sanctions. Italian businesses heavily reliant on Russian markets now face […]