The head of the association of Italian entrepreneurs announced the unwillingness of companies to leave the Russian market
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The head of the Association of Italian Entrepreneurs in Russia, Vittorio Torrembini, said that Italian companies have no intention of leaving the Russian market. According to him, the exit of Italian brands from the country is not expected, despite the “enormous difficulties” in their work.
“The difficulties are huge – logistical, financial, in the banking sector, the pressure they receive from the authorities in Italy and Europe. Nevertheless, our firms are strong enough not to fall under the influence of restrictions,” Mr. Torrembini said in an interview. RBC.
According to him, the Russian market is of great economic importance for Italian business, so none of the entrepreneurs will be in a hurry with decisions to leave the Russian Federation. Vittorio Torrembini added that not a single major Italian company has left Russia to date, with the exception of a number of enterprises in the oil and gas and energy sectors.
In October 2022, Mr. Torrembini stated that the major Italian companies Pirelli, Barilla, Ferrero made a fundamental decision to remain on the Russian market.
Since February 2022, some foreign companies have suspended their activities in Russia or announced their withdrawal from the Russian market amid the start of the Russian military operation in Ukraine.
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