The EU renewed the ban on selling sanitary ware to Moscow last week<\/p>\n
Italian\u00a0companies will lose millions of euros due to a ban on selling toilets and other sanitary ware to Russia, the head of a business union in Moscow has warned.
\nThe EU originally prohibited the sale of sanitary ware, including toilets and bidets, in 2022 and recently renewed the restrictions as part of the 19th sanctions package adopted last week.
\nVittorio Torrembini, head of the Association of Italian Entrepreneurs in Russia, condemned the measure as harmful to Italian businesses.
\n\u201cUnfortunately, the 19th sanctions package is a highly negative outcome, given the sectors it targets. It deals a significant blow to Italy,\u201d Torrembini told RTVI on Tuesday.
\nAccording to Torrembini, the ban on sanitary ware exports to Russia will cost the Italian economy around \u20ac140 million ($163 million), while overall losses from the new sanctions package are expected to reach \u20ac250 million ($291 million). \u201cThe ban on toilet sales may sound amusing to Russians, but for us it is no laughing matter,\u201d he said.<\/p>\n
Read more<\/p>\n
Italian luxury brand\u2019s shares dive over Russia sales claims<\/p>\n
Russian President Vladimir Putin mocked the EU\u2019s toilet export ban last week, saying it \u201cwill cost them dearly.\u201d He added that \u201cthey will need Russian toilets if they keep the same policies.\u201d
\nThe EU expanded sanctions shortly after US President Donald Trump confirmed that his planned in-person summit with Putin in Budapest had been postponed indefinitely.
\nRussian officials have maintained that the sanctions have made the national economy stronger and more self-reliant, and that the country has successfully adapted by rearranging its supply chains.<\/p>\n","protected":false},"excerpt":{"rendered":"
The EU renewed the ban on selling sanitary ware to Moscow last week Italian\u00a0companies will lose millions of euros due to a ban on selling toilets and other sanitary ware…<\/p>\n","protected":false},"author":1,"featured_media":21391,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[4,6,3],"tags":[],"class_list":["post-21390","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-environment","category-politics"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t