23.06.2022 – 10.55 – The (industrial) desert of the steppes. Following the now six sanctions packages, the conflict in Ukraine and the resulting Russian counter-sanctions the relationship between the industries of Friuli Venezia Giulia, especially those in Friuli, and the Federation has almost disappeared.
The industries that once operated in the area have not disappeared, but have been waiting for months; to understand if it will be possible to return to business or if the market will remain closed. On an ideological level, the re-orientation of the Russian business world towards the People’s Republic of China, India and the countries that once made up the BRICS seems evident; on a practical level it is equally evident that an economy such as the Russian one intertwined with the West cannot suddenly radically change customers and spheres. Advertising, inquiries, marketing, customers… it’s a different hemisphere.
The colossus survives in the Friuli area Rizzani de Eccherthe only one in the Region to still have some active construction sites in Russia. Most of the contracts have been terminated, while others pre-invasion are pending termination.
The yards in question are quite small by company standards and are all located in the Moscow area. Then there are the usual problems with payments: only some banks are operational, but with severe limits; after all, the aim of sanctions is precisely to discourage commercial relations.
For example, Rizzani de Eccher had to give up consultancy for the Russian government and companies, just to operate with Italian companies operating in the Federation. There are now about eighty, pertaining respectively to the Veneto, Lombardy and Marche regions. They are mostly operational in agriculture and industry, although there is still something left in the retail sector as well, especially haute couture.
In general theimport-export from Russia with Friuli Venezia Giulia it was almost halved; according to what was communicated by the Bank of Italy, the decline was 50%, with a re-allocation to the United States and China, logistics costs permitting.