Italian companies suffer Russia market loss | FT Film
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- Опубликовано: 19 май 2024
- The FT looks at the challenges facing Giorgia Meloni's government as Italian households and businesses suffer over Rome's commitment to sanctions against Russia following the invasion of Ukraine
#italy #russia #war #politics #geopolitics #russiasanctions #giorgiameloni #italianbusiness #warinukraine
00:00 - Italian companies suffer Russia market loss
01:06 - Business ties
06:34 - The banks
08:36 - Political exposure
10:03 - Transnational politics
17:11 - The future
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Russia did extremely well economically compared to Britain, which now begs the question, who is sanctioned?, it looks like British people were Sanctioned by their government and Italy, Germany got dragged on the streets by the US.
@@Natalya.57.Volkova 👍 Thanks for one of the rare comments of somebody who enjoys more information than msm!
Yes. Become Necon masters in Washington DC rule EU.
I bow to the smartest people in US politics who played Europeans so well. I am planning to go to ГУМ and ЦУМ next week (Russian Selfridges and Harrods) to check if US brands are still there. All European brands left the market but US brands stayed last time I checked. It is fascinating.
Always wondered why Italy always chose wrong sides! Last time there, 2018 after 10 yrs. absence, couldn't recognize its population; seemed morphed into Americans speaking Italian. What a shame!
@@letranger6750 italy chose always the wrong side because population is with the nazi Russian exactly like they were with the nazi germans 80 years ago
If you visit Moscow or St. Petersburg you find Italian stores every where. Russians love the Italian style . And its an historic love affair. Russians don't like North European or American drab clothing etc styles .
And Italian cafes and restaurants are at every step in Moscow.
@@musicclassic5938Dominos Pizza? ;)😊
I was in logistics business from 2014 till 2022 and, as you may guess, our company was focused dominantly on transportations from Russian to Italy and backwords. These 8 years were full of good and bad things, but 24-02-2022 was a REAL blow to the industry. Now companies in Russia are trying to reorganise transportations via Turkey, but it's too long and expensive way and lots of goods are under sanctions.
We all are living in tough times, but I hope and believe we wil restore our business sooner or later .
Grazie, Italia. Ti amo e tutto andrà bene!
yeah, fully agree ☝Cheers from airfreight fellow ✊Turkey, UAE, .... what next ?🤔
That is a small price to pay for the "survival" of Ukraine. It was your governement decision to sanction Russia. So you just have to live with it!
@@dreizdreiz9203 Who told you they are defending their country? They were committing genocide and Russia has to stop them
@@dreizdreiz9203 say what? Armenia has being and from time to time still is in the middle of the war with Azerbaijani. To seriously consider routes there one has to have an insane amount of insurance…
@@dreizdreiz9203 Yes, not worthy. At least from our perspective. Just a culture issue, dont mind.
We do not pay attention to formalities. And I doubt many people lose sleep and appetite over victims of this war. I doubt you do.
'' It is better to be a warrior in a garden than a gardener in a war ''
Looks informative qoute, explain pls.
Some people are not cut out for war.
Myself as a carpenter I don't want to hurt anyone and when you see who the people are who instigate wars they are corrupt psychopaths who don't care at all about even their own people who they send into hell on earth.
When the Western media publish what is going on in Ukraine they are not telling you the whole truth.
or maybe its better to be a live dog then a dead lion?
Like in Iraq, Vietnam,Grenada,Palestina?
It is better to be a gardener in a garden, than a warrior in a war. Being in a war is never better.
"I'm not locked in here with you. You're locked in here with me!" - Rorschach
"I'm not isolated from western market. Western market is isolated from me!" - Putin
Excellent comments and Putin is right.
Lol, yeah, the tech market for example is *really* struggling without Russia /s It's just one company that makes expensive handbags for the oligarchs' wives that is isolated. Well, good riddance.
🤣🤣🤡 we will do fine without 1.8% of revenues. Russia is a small market. It's a 4th world country now
@@Solid_Snake88 Rubbish. Russia is rising while you're sinking. It doesn't have to be this way. The EU is cutting it's own throat for the sake of the US.
How this little film ended up becoming anti-russia, anti-putin baffles me. It's supposed to be about italian companies for God's sake.
You know...
I'll reply with one word, from italian
PROPAGANDA
It originally means "to spread off" "about spreading off"
Do not expect anything different from the left media mob fake news
We Russians love Italians, we love your design and architecture, your rich culture, your fantastic composers. We love Antonio Vivaldi and Nicolo Paganini. Italians are one of the most creative nations on Earth. And Italian singers are definitely the best in the world. I am a born Muscovite but I have many friends in Italy. And Italian artists and painters are absolutely unbeatable. Who can even compare with Leonardo, Michelangelo, Rafael or Caravaggio and Boticelli. Unrivaled! And long live La Scala! Belissimo!
I from Europe I just disappointed that Russia still relay on Putin that man not strong anymore he getting old also he try to sell Russia to China
We Italians love Russians, we love your Country - a wide scope for dreams and for life. When we came to St Petersburg or Moscow or anywhere else in Russia we simply feel at home. The decisions of our present government don't reflect the will and the feelings of the overwheming majority of Italians. And this is not a matter of "business and money", it's something deeper. Ciao da MIlano, привет из Милана!
@@frankbrown9618 today at 4 a.m. your beloved russians killed at least 12 people including children who were sleeping peacefully in their homes, but as long as you feel at home it's ok
@@tetianakumachova2827 Most civvie deaths are from dud Ukrainian Air defense missiles that missed in-coming rockets & thus come down wherever.
@@dreizdreiz9203 вы там совсем больные), какие якутские поселения. Вы хоть знаете где это?) В России по закону охраняются малые северные народы. У нас в России проживает более 192 национальностей. Вы нас с США не путайте, вот кто действительно уничтожил коренное население, а остальных запихнул в резервации и продолжает уничтожать наркотиками и алкоголем. Та что там, собственное население убивает наркотиками. Сколько людей трудоспособного возраста на улице, наркоманы. Глаза откройте уже и начните своим мозгом думать, если он остался🤔
I really admire Europeans superior ability to shoot themselves on the foot and undermine their own people's interests with such vitality in order to please their American masters at Washington DC...
It is truly impressive!
😅😅 !!
@acidbot666 Imagine you're Japan. And you know how many billion dollars Japan exports its products to the USA and the rest of the world each year? Now supposing you're PM of Japan, will you dare to go against the US by siding with Russia. Take a look at the economy of those countries sanctioned by US: Cuba, North Korea, Venezuela, and Iran. I am from Vietnam and my country nearly went to starvation due to US sanction back in 1980s.
@@joaocosta3374 "one among many"
But one of the most important.
Abandoning Russia was not in the interest of the European people that had their lives seriously affected by inflation, deindustrialization and unemployment for a fight created by America's desire to encircle Russia with troops, military bases and offensive military hardware to threaten the Russian state.
Europeans did not need that, the world did not need that.
Acute subservience to Washington is hurting Europe bad.
Now that Washington has knocked Europe out of the way as competition Americans can concentrate on China.
If that is not shooting their own foot with high caliber guns I don't know what it is!
Cold-trurkey on Russian energy was an excellent move by Europe BECAUSE Russia was using energy as a weapon. No more ! Sure energy prices were tough but being TOTALLY dependent , especially after NorthStream2 would have been strategically catastrophic.
@@andrewboddy2791 "Russia was using energy as a weapon."
What did Europeans expected AFTER they imposed such a large array of "supposedly" crippling sanctions against the Russian state?
A bouquet of flowers?
I would have done much worse!
Europe should first consider European interests before it considers any US interests.
Ukraine is European. Try again. 🇨🇦💕🇺🇦
The sanctions are for Ukraine not US
@@kerriwilson7732 "Ukraine is European" -- But the US is not.
Uncle Sam will punish you for disobedience!
@@zvilender247 yeah, Russia is European too. Don't forget to consider her interests.
Italy is growing more than the UK.
According to the IMF, Italy is the only country that will have slower growth than the UK in 2023. Italy, though, has always been a financial disaster of a country due to endemic corruption, organised crime and other factors, with high unemployment (especially youth unemployment), eye watering taxation and needless bureaucracy.
Italy had a brief resurgence after WW2, but since then they have been one of the most financially and politically unstable countries in Europe.
The general feeling is that the UK will recover in the medium term, as it usually does, but Italy will follow along it's usual path.
I always compare Italy to a business that has a high turnover, but always trades at a loss.
Also, energy and food prices are higher in Italy than in the UK, and have been so for a number of years.
@@monacophotographyevents2384lot of nonsense.
Fun fact....most European countries are still USA colonies. Italy is one.
u drinking too much koolaid, western europe r probably most anti american as it can get. eastern europe however is effectively US colonies.
@@laujack24 loooool Ramstein is not in Romania :))))))))))
Not really. They'd be colonies if they depended on us outright for energy and protection. They also wouldn't have all the tariffs and barriers to American products.
Fun fact: we're also the richest and most developed countries in the world. So much that brics countries are trying to take this away from us everyday.
Colonies that frequently act against the interests of the U.S..... some colony.
The problem with Europe is, they have now turned into the Americans colonies - doing the biddings of Washington without asking questions or even trying to understand what the actions they take means to their wellbeing.
Mate that s what happens when you lose Waterloo. It is not really a choice. But ok we could at least mske a subtle effort or take the risk to be ourselves occasionally.
It's pathetic, Europe is much bigger than the US, yet they bend over backwards for them.
The problem with underdeveloped countries in Asia and Africa is that they are being shackled to their new master's yoke from China and Russia.
@MSD Group Russia was the worlds biggest weapon supplier for decades to fellow dictators and terrorists. Besides Kalashnikovs and RPGs they have shown very little success on the battlefield, except spectacular tank fireworks. Who wants to buy that?
Exactly - our leaders are utter fools, who even try to hide the truth about Nordstream, to protect the US. It's pitiful.
What a twisted interpretation of Russia and Italy deplomatic and economic relation, reduce to personal relation with Putin.
My uncle's company already in 2015 suffered a lot from the first sanctions against Russia, indeed if I remember correctly italy was the only country that was against at the time.
It’s northern Italy that is suffering; the south has been suffering for decades. Perhaps there might be a new social contract between the two?
@@tobia5267 lmfao🧢
well said, but this is nothing to be happy... not at all... who will feed this destroyed country?
Pssst, US might see it as opportunity...
@@oscarornago7419 but the people seem enjoying to be robbed. All for the ideology!
And 20 years later they wake up the entire ideology about the bad, bad Putin served only to make them poorer. It is true 95% of all EU citizenz, not only the Italian.
@@tobia5267 when you live an individual life in the North of Italy,
and pay 1500 euro/month for an appartment + energy bills,
then you gonna cry when you loose your 2000 euro/month job :)
Much less the case in Southern italy, where unemployment is already high, houses are cheap , energy bills are lower due to shorter winter , and families stick together...
The sorrowful question is --- do the EU countries have any sovereignty at all ? EU countries have long ago mortgaged/hypothecated their sovereignty to NATO boss US. Final decision-maker is always Uncle Sam.
A section of Politicians of EU have tacit transactions of gifts and rewards from Military Industrial Complex of US. But why common people will suffer for their connivance ?
I have been monitoring the movement of BTC over 6 years and I can say it is incredible. I sold a couple properties in March and I'm waiting for a house crash to happen so I buy cheap. In the meanwhile, I've been looking at stocks as an alternative, any idea if it's a good time to buy?
@@EndriLoshi-mt5hj CLAUDIA FRADE FERREIRA is totally the investment adviser that specializes in portfolio creation and management..I highly recommend her especially if you have up to $200k for aggressive trading
Here is a straight answer from a Russian: there is no alternative to BTC at this moment except some other crypto projects. Sorry, I am not familiar with the Italian stock market, but there will be a big discounts in the American market in the next 10-20 years. As for today, it is kind of obvious that sinking US banks are your easiest choice, but choose wisely, not all of them will be saved by JP Morgan or by American Goverment & other institutions.
i like that this was pubblished on 25 of April, the italian’s day of remember the liberation of Nazi-fascism, well done FT
hope in a better future
Russian economy is really doing well, better than UK. How this sanction reaches its goal as US set up for isolating Russia and making Rubble to Rubber? Geopolitically, US domination is challenged seriously for its double standard of democracy and freedom. I would say that without US, Ukraine - Russia war would not have happened.
I would say you are a troll
@@wolfheadedconjuror
Agreed, amongst so many russian trolls on internet
@@wolfheadedconjuror No meaningful, factual response. Check. Just call them a troll so you don't have to deal with them logically. Check.
Indeed, if General Patton had his way, Russia would be a small pieceful country.
@@wolfheadedconjuror well then he might say your a Xoxol
Well, Lockheed Martin, Raytheon, Boeing, are doing well with this current conflict. 😊
Do you prefer Aeroflot?
I wonder what these companies will do during peace times. 🤔😑😤😮💨
@@danielefabbro822 maybe you don't know but defense us money as any other nato countries are more or less always the same, they don't change a lot during wars or peace periods, so maybe you're not well informed on how defense works. of course because you're used that other people PAY for your defense (USA) and after 5 minutes complaining because they do.
if you want to join the part of the world not protected by us, be my guest but then are you sure you would defend your country like Ukraine is doing now?? I don't think so
@@toffonardi7037 have ypu ever seen a conventional war in western countries?
>Lockheed Martin, Raytheon, Boeing, are doing well
Until rare metal supplies run out.
Italy, my favourite country, is at own fault! The minister of economy should consider first of all the importance of his industry to Russia before blindly sign one sanction to another! If such lovely factories go bankrupt, it's the mistake of short sighted Rome!
relying on export of 10k leather purse or 20k leather boot to a single destination is ur problem, you can not substain ur industry if ur people cant even afford to buy ur own good.
@@laujack24 then who can buy it and what country is demanding that such prize of an item, you were told that such items are particularly made for Russia and its demands and they are making a lot of money that will allow them to expand and once they expand that will create a lot of job opportunities that will put food,roofs on people head that depend on them for a living and now they are losing such opportunities then jobs will lose and no more creations of new jobs and the ones that have it will lose their jobs, it’s simply mathematics or you lack common sense.
Why not making a U-turn and pivot to China and Russia? Italy would be much better off then. Russia and China can ensure Italy's security and stability a lot better than the US because they are the rising powers where the US is a declining hegemon.
They are quick to obey Uncle Sam and then start whining.
Mmm
Maybe you don't know about Italy being a puppet state of Us?
Where are you from, if I can ask you, man?
Italy is the second industrial power in Europe after Germany:
Here’s a look at manufacturing by country 2023, focusing on the world’s top ten manufacturing countries and what they contribute to the global manufacturing economy:
China - 28.4%
United States - 16.6%
Japan - 7.2%
Germany - 5.8%
India - 3.3%
South Korea - 3.0%
Italy - 2.3%
France - 1.9%
United Kingdom - 1.8%
Mexico - 1.5%
Italy produces niche industrial goods / machinery which are not produced by other countries. This is other than the kuxury goods .
we are more likely to see made in Germany or China, or even France before we see anything come from the low-key fascist country.
Italy is a poor country. It has great nature, great sight seeing places, very nice people, but it totally depends on influx of visitors. Cheap Europeans never spent as much money in Italy as Russians. Ordinary Italian people were already living very modestly, but they will become really poor soon.
@@lolas1669 if Italy is a poor country, why is it in the G7?
@@lolas1669 The economy of Italy is a highly developed social market economy.[26] It is the third-largest national economy in the European Union, the 8th-largest in the world by nominal GDP, and the 12th-largest by GDP (PPP). Italy is a founding member of the European Union, the Eurozone, the OECD, the G7 and the G20;[27] it is the eighth-largest exporter in the world, with $611 billion exported in 2021. Its closest trade ties are with the other countries of the European Union, with whom it conducts about 59% of its total trade. The largest trading partners, in order of market share in exports, are Germany (12.5%), France (10.3%), the United States (9%), Spain (5.2%), the United Kingdom (5.2%) and Switzerland (4.6%).[28]
In the post-World War II period, Italy saw a transformation from an agricultural based economy which had been severely affected by the consequences of the World Wars, into one of the world's most advanced nations,[29] and a leading country in world trade and exports. According to the Human Development Index, the country enjoys a very high standard of living. According to The Economist, Italy has the world's 8th highest quality of life.[30] Italy owns the world's third-largest gold reserve,[31] and is the third-largest net contributor to the budget of the European Union. Furthermore, the advanced country private wealth is one of the largest in the world.[32] In terms of private wealth, Italy ranks second, after Hong Kong, in private wealth to GDP ratio.
Italy is the world's seventh-largest manufacturing country,[33] characterised by a smaller number of global multinational corporations than other economies of comparable size and many dynamic small and medium-sized enterprises, notoriously clustered in several industrial districts, which are the backbone of the Italian industry. Italy is a large manufacturer[34] and exporter[35] of a significant variety of products. Its products include machinery, vehicles, pharmaceuticals, furniture, food and clothing.[36] Italy has therefore a significant trade surplus. The country is also well known for its influential and innovative business economic sector, an industrious and competitive agricultural sector (Italy is the world's largest wine producer),[37] and manufacturers of creatively designed, high-quality products: including automobiles, ships, home appliances, and designer clothing. Italy is the largest hub for luxury goods in Europe and the third luxury hub globally.[38][39] The Italian manufacturing sector is capable of facing the competition from China and other emerging Asian economies based on lower labour costs, with higher quality products.[40] Italy has a strong cooperative sector, with the largest share of the population (4.5%) employed by a cooperative in the EU.[41]
I remember in February and March 23 the Russophobia was very strong in Italy 🇮🇹 even in Academia
I think Russians shouldn’t return to European market but instead buy from other markets where they don’t hate Russian people
Exactly, they should buy luxury goods from the BRICS countries. What's wrong with a tricked out Tata or Dongfeng? They may even last longer than a Range Rover.
We call it "Ведровер/VedRover" for the word: bucket
@@rambleon2838 hahaha none of the BRICS countries produce luxury goods, they produce cheap tat. You seriously think Tata or Dongfeng are luxury brands people want to buy. European and western countries produce the luxury goods
Anyway there is nothing stopping wealthy Russians flying to Dubai and buying luxury goods and taking them back to Russia, whether it's a Ferrari or a Rolex etc
@@charlesjay8818 they can... luxury items however are distinguished by marketing not sophistication.
I think Argentina should be attacking that sector they've managed to craft that lore with their beef products and that green coffee thing.
the should buy villas in Siberia instead of at Lake Garda.
is it normal that a company who make goods for any rich customer around the globe, with 7 generation of workers, in only 15 years start relying from 0% to 25% from a single market? On the other hand in Italy we do have a huge problem with internal market and purchasing power. From decades good brands (expecially luxury) needed to make their profits outside ITA.
Only mafia makes money in Italie!
in a healthy democratic society you usually don't have enough super rich to sell enough handbags that cost several thousand Euros. Middle class people don't buy such products. This kind of business only works with customers from the most undemocratic, unequal, ugly societies: Russian oligarchs, Chinese billionaires, Arabic oil sheiks, Brazilian cattle barons, African dictators, etc.
No reasonable German factory owner would allow his wife or mistress to buy a handbag for several thousand Euros.
I am old enough to remember that in the 1980s when the USA diminished trade to punish New Zealand for not allowing its warships with nuclear vessels into New Zealand waters. New Zealand scrambled for new business partners, first Japan and then New Zealand was the first country to have a free trade agreement with China. Countries and companies have to adapt for the money and business opportunities. Now New Zealand is so heavily reliant on trade with China how do you think this will affect their political positions? Home goal for USA again.
Hi from Russia. We have phenomenal attraction to certain cultures. Notably India and Italy. Nobody could explain why. Why I still listening La Splendida Giornata, after all these years and truckloads of good music just a click away... or read every book about Regio Esercito I can lay my hands on...
So yes, if you are L'Italiano and wants to make good money - you know where to go..
@@paulzx5034 would be intresting to see how many of us in Italy listen to that kind of music or read about Regio Esercito...btw the doc was about Luxury brands because you do not make money selling Regio Esercito books
Neutrality has always brought respect and rewards. Soon these small brands will sell out to Asian giants and Europe can keep selling credit default swaps. Sanctions are for idiots!
Mark the different of US and Chinese messages. The US says: war and sanctions, war and sanctions. China says, cooperation and trade.
Up until 10 to 15 years ago Italians could afford to buy these luxury items until they could no more due to post 2008 financial crisis EU decisions, in Italy such decisions impoverished the population drastically lowering their purchasing power. Now Italians can't afford to buy locally made goods, they now go to H&M.
when italian cant even afford to buy product they made, just means those industry just not sustainable in the long run. relying on one to two external market to proc u up, good for the past globalized world. but the world we heading into, not so much.
we have to say thanks to USA
This is just lying. Most italians could never buy these luxury goods. Not even before the crisis, what are you spouting? I am italian i know this, it is true that income was higher.
@@oscarornago7419 We who? Judging by your name you're not italian. THIS IS A BOT ⚠️
ITALY IS GROWING MORE THAN THE UK. Brexit means recession for the uk
According to Bipan Rai, North America director of FX strategy at CIBC Capital Markets, "there is growing concern that incoming data is showing that the Fed may be slightly behind the curve than perhaps they expected heading into this year." More red than green is seen in my portfolio. How are other people in this market making over $350,000 in gains in a short period of time?
You might follow a lot of intriguing stocks in many industries. I'll advise you to work with a financial advisor who can assist you decide when is the best to buy and sell the shares or ETFs you want to acquire since you don't have to act on every forecast.
@@champhallier8468 Until they get burned by their mistakes, people do indeed minimize the role of expert counselors. The covid epidemic and my early 2020 layoff came at a time when I needed to stay afloat, so I looked for license advisors. Jeanne Lynn Wolf whom is searchable online made my previously stagnated $325K reserve to have so far generated massive returns from subsequent investments thanks to someone with practical expertise and decades of experience that I was fortunate enough to come across.
@@trazzpalmer3199 we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides you help?
My Financial Advisor is JEANNE LYNN WOLF. I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can run a quick online research with her name if you care for supervision. I basically follow her market moves and haven’t regretted doing so.
I'm literally holding onto straws right now, so your tip couldn't have come at a better moment! I plan to call her after doing a quick internet search for her.
I'm wondering if folks who went through the 2008 financial crisis had it easier than me right now. The market conditions these days are really causing me a lot of stress, with my portfolio taking some big hits over the past few months and my profits dwindling. I'm worried that this could put a wrench in my retirement plans, since I can't seem to boost my stagnant reserves.
Even in this whirlwind, there are chances to be had, thus an increase in volatility is not always a bad thing. You have an opportunity to rebalance thanks to volatility. In order to help you diversify your portfolio, you must hire a financial counselor or broker.
@@ArchieBenjamin1 I’m new to all this, heard it's a good time to buy and basically I've just got cash sitting duck in the bank and I’d really love to put it to good use seeing how inflation is at an all time-high, who is this coach that guides you, can I look them up?
@@ArchieBenjamin1 I just looked her up on the internet and looked into her credentials. I wrote her a letter outlining my financial objectives and planned a call with her.🥰
@@ArchieBenjamin1 Thanks😍😍🥰🥰
Fake dialogue, scam
Left wing or right wing, centre left or centre right or centre no longer exists. It's all about the money.
It is about socialism. And socialism was from its very beginning about the incapable robbing the wealth the capables created.
It is all about CORRUPTION...
@@horeageorgian7766 socialism is destroying russia. Putin is seizing european companies and russians will suffer.
i am consistent anarchш-trans-feminist. I comfirm it's about the money
In the case of Italy, fascist is fascist. They said Salvini was a fascist, but he wasn't, he was just a right wing populist. Meloni, on the other hand, never hid her admiration for Mussolini and now she's logically and wholeheartedly supporting the Ukrainian Banderites.
Stunningly beautiful bags
Hope my country confess mistake to turn back to Russia. Russia feeds us heats us and we need it.
Excuse me but what the hell are you talking about? Confess which mistake? Reacting to a full scale invasion of a democratic country and crimes against peace and humanity? Russia no longer heats us, the Italian government diversified the suppliers and we’re connected to other countries at the moment. Also never fed us because Italy is self sufficient on 75% of it’s goods.
they can still sell luxury bags to Russians.
Infatti, è chiaro che ora l'Italia sta morendo di fame e di freddo. Basta guardare RussiaToday per saperlo.
@@lecolonnedellavanti2955 L'Italie ne meurt pas de faim, ni du froid. Vas te faire voir.
@@philipb2134 je le sais, je vive là. Ca est quel que nous appellons "faire du sarcasm".
Not only Italy, the whole world is suffering from a tremendous economic crisis for the RU-UKR war.
All the leaders should consider the business environment first before any internal or external conflict.
🏳️🏳️🏳️🏳️🏳️
Not possible , All these after US,UK,, ITALY GERMANY are VESSELS.
For the artisan luxury goods company in the beginning and the end of the video, it really should move the business to Russia given how important that market is to the existence of itself. They want to cater to the Russian taste but not the European one. If they move the entire business to Russia not only do they get to keep the business running, their Russian-oriented artisan know-how get to be preserved there. Win-win, no?
This would miss the point of country of origin effect. The status of these goods is their “made in Italy”. Furthermore it would lead to losses in other markets as online backlash. Lose-lose.
Honestly, we would be more than happy to accept Italian artisans here. We like Italian design. Even the architecture of the Kremlin itself was made by Italian architect.
They can sell to the Russian market in Dubai and other places where sanctions are not there, Whats to stop wealthy Russians buy their good there and taking it back home, whether it's a Ferrari or a Rolex
They would move there if they could find the quality of tissues, leathers etc. readily available in Russia as is in Italy
There's no russian taste involved here. No russian designer send sketches to italian manufactory. Rich people hunt italian fashion, exactly for that. To show off with italian design. Middle class russians buy from chain brand stores, to follow the trend of international fashion. Poor people buy cheap chinese made goods.
I want to remind you that Italy is the second industrial power in Europe after Germany and the seventh in the world!
maybe 20 years ago
Maybe in making pizza 🍕 😂😂😂
@@oscarornago7419 actually is the second manufacturing power in Europe after Germany.
@@HEMI345S Italy have the third largest Gold reserves in the world after the US and Germany! By the way Italian food is better than the food of your country! 😊
@@luigiportaro75 You're living in the past, Mario, is not 1970 anymore 😷😷😷
She's wrong about inflation in Europe being solely because of gas prices
Excellent documentary. Very informative.
All of those countries continued doing business with US when it destroyed Iraq, Syria, Libya and Afghanistan though
Something really well know by all the western coalition, but... who cares about the italian business. The important is the USA economy and UK (maybe)
@@oscarornago7419 The UK is nothing but a sideshow, and one that's circling the drain right now.
@@TsarOfRuss So you putinist imperialist ignore Moscow started the destruction of Afghanistan?😂
@@cadicamo8720 "Destruction" ??? that is not the word you are looking for
Italy is a wonderful anomaly.
This nation remains powerful economically and continuously since Roman empire.
Roman empire never fell , it just evolved into global empire of luxury brands.
WHo.cares.about.luxury.brands
Italy is not invincible. Hannibal and Hitler have proven that. The world market is flooded with fake Italian luxury brands thanks to China their new master.
These.so.called.Luxury.brands.are.made.in.Bagladesh.Pakistsn..For.......example.I.was.given.a.Prada..h.Bag.It.cost.25.euros..I.was.not.a.fake.I.sold.in.on.E.Bay.for.1200.euros..zit.is.a.scam
@@carmelmoore7984 hi where did you get the prada real bag?
Not just luxury. More widely "high quality" brands. Tyres for instance, are not luxury goods, but Pirelli is arguably the best producer of sport tyres in the world (and also has done the main invention on submarine wires, a cornerstone of modern civilization) Due to ancient culture and literacy, Italy has been ever at the edge of innovation, and at the centre of knowledge. Of course being a winner helps winning. Money calls money. Culture calls culture. Not a surprise we are writing each other with the italian types and letters. Italy had been the centre of Europe culture until 1600, and even after, it had got so many mind-sparkling thinker.
Telephone, radio, thermal piston engine, electrical engine, battery: those are just some inventions by italians in the last 200 years
Italian people should asked themselves "what is important for italy & italians ?"
Then next question "Do italian people see the ukraine war as really how it is or as how the US & EU leaders wanted them to see ?"
DONBASS come GUERNICA...( Grazie alle preghiere del vaticano .. grazie alle armi NATO/ america..come un tempo Germania.italia...hitler. Mussolini a Franco in Spagna....???
I can guarantee to you that they lied about the sides of italian people, most of the people here are either pro Russia or against the war, almost no body support the Nazi regime from Kyiv.
@@ritarossi1805 partito un embolo, si?
@@ritarossi1805 How right you are !
@@ritarossi1805 "Donbass come Guernica"😂😂😂😂😂😂😂
Man, you're loving that russian Imperialist aggression!
Anne Kamin's comments sound so State Department.
From Terence Wise in UK........Great video, I hope that Italy breaks away from the US and EU warmongers.
Blame it on USA 🇺🇸 and Uk 🇬🇧 🤷🏿♂️🤷🏿♂️🤷🏿♂️🤷🏿♂️
Blame The UK & USA Government, The Normal citizens of UK are suffering too we are getting poorer every day, it's the Governments that are getting rich playing Monopoly games with our tax money
I live in Moscow. About a year ago I was looking to buy a tuxedo for my graduation from university. I went to a lot of places. Chinese and Turkish clothes I've bumped into were of poor quality. Most of the western clothes was both overpriced, had pretty mediocre quality and was looking very plain. And then I've bumped into Italian shop. Paid twice as much but that tuxedo serves me well and looks exactly the same as in the shop. By the way this shop is still in there. 😂
Congrats on your graduation, now sign up for conscription..... Putin need you lol
grazie per la preferenza, W la Russia
@@charlesjay8818 yeah when it comes to country there is no compromise,yeltsin was the first and the last western puppet to lead russia
@@charlesjay8818 No, he does not. He needs hardened men and warriors, not university graduates.
Italy was not “dependent” on Russian energy but BENEFICIARY of great relationships with great country
Good bye my love good bye
Places like Istanbul, Dubai now stand to gain from this. That's how neutrality rewards you
Yes, different vile oligarchs
@@tnickknight vile as long as they provide stability, order and social welfare support
@@Beyonder1987 you need to be ordered around , I am a free man . Not all of us would want to be sheep
@@Beyonder1987 Muslims can't understand freedom
@@tnickknight you are a sheep to the usa
If Meloni could just keep her promises!!
why should she? it so obvious she is following her what EU and mainly the US is ordering her, with the backlash if she doesnt, comply for italian goods (cars, cloting etc.) that will sanctoined.
No…! She never said the truth, one day she promise ,next day ,she change . Like in the last ,thirty years, with her mafiosi partners .! Who’s sign the treaty of Dublin together , they are only rhetorically lays . Against the honest Italians ..!
You have the option of using UAE or India as trans shipment points. I remember the days when Russia was sanctioned couple of decades ago. Big multinational western companies like Nestle. Unilever, Brooke Bond and many others used Jebel Ali for relabelling / repacking and shipping to Russia. Might be workable if you circumvent Swift money transfer system and use BRICS connections.
BTW from the Meloni speeches I have heard it doesn't sound like she is in favour of Ukraine over Russia. Italy IS getting crude from Russia, refining it and selling diesel to UK and US.
When she says she is on the side of International law how does she reconcile to the fact of greatest terrorist act by CIA, MI6 and Norway when they blew up the Nord Stream pipeline creating unbelievable energy hardship for practically the whole of EU? What about outright flaunting of the Minx accord by the effing US and NATO by arming Ukraine to the teeth?
I could not agree with you more
Putin has made Russia a "Vassal State " to CCP , China. Russia does not export finished goods to China; Russia only supplies Raw Material and crude oil to China ; President Xi. Russia economy is bleeding.
Maybe you missed her "As long as it takes"
well said mate, it is just business. Who cares about the 400.000 killed by this f++++ war.
@@letranger6750 i hope not, i really thought she understood what was happening, if she sides with ukraine she really has no clue...
Italy (read- the rich North) is still an export powerhouse, but in a global context its competitive advantages are diminishing. It isn't keeping up in terms of producing high value-added goods, particularly in technology and this will pose an increasing problem as time goes on. The Milan producer is absolutely correct that the country faces losing its artisan brilliance- this has been an open discussion for 20 years. But it won't be because of Russia. It will be the result of continued poor governance and a persistent lack of strategic vision. That is where Italy fails time and time again. It's almost like the unification never happened.
you need to consider the role western interventionist programs like project gladio and P2 played in forming the current attitude and political climate of italy. de gaullian doctrine wasn't born in a vacuum and the west seems more anxious than ever to see it realized regionally
Italian textile and fashion industry is inspiring the world. But in my opinion, the orientation versus the Russian “oligarch style” has led to a vulgarization. Concentrate on a more sober, classic line and other customers will be found.
Everyone knows of very vulgar north american clients who as soon as they become rich wear luxury brands as a sign of wealth , but you can’t buy class . Americans are the arbiters of good taste …in your dreams.
I noticed that the owner of the luxury bags company said that they got stuck with products made in a style not intended for the European market. Lol....well that's what happens when you chase low class tasteless consumers from Russia.
@@laucon11 You’re ignorant of the functioning of the market , the purpose of this one is to sell to a large number of people , and in luxury as in other fields : they adapt to the demand of the consumers of all the continents .
As for bad test , it is well known that the medal goes to the americans . Their taste in clothing is to good taste what Mac Donald’s is to good food. Il leave you to draw your own conclusions.
@@sapere7 No Nancy....luxury goods are not meant for a large number of people; they are supposed to be exclusive by definition. If you go chasing every fad and tasteless market you are no longer luxury.
@@laucon11 And why do you distinguish between those who have a right to luxury and those who do not .? Money has no smell. From any country. So stop spewing bile on one country. You don’t hide your bitterness well , the one that your country export the best . I let you find your comfort there .
You should have thought about it before. Now, it's too late.😅
This was all our fault. We've been blind and we have to correct the route. Our reliance has already diminished, we're freeing ourselves. This is our interest.
"Italy will make it, as it already did before" Mario Draghi.
Great article. I enjoyed it very much. However, I listen to these videos while driving. Much the same as a podcast. I can not read the translations. An audio dub of the foreign language into English, instead of text translations, makes it available on the road. I don't know any advantage not having audio dubs of foreign languages. Thank you for listening.
Due to the childish behavior of the European leaders, their economies will suffer great losses from lack of russian cheap energy and lack of selling goods to the russian market.
Yup. Germany will probably see some amount of deindustrialization.
@@claqyagami6914 it will see complete deindurstralisation.
@@horeageorgian7766 nah. They will wake up before then. 🤞🏿
No matter how good are your products, you need a big market for it🤪
True
One country does business with another and the West sees it as a sin.. they involve everything in politics, even made Abrahamovich sell his football club
Russia is definitely not a big market. China is. South east asia is. Even africa
@@Solid_Snake88 when it comes to size, Italy is nothing compared to Russia. And it is counted as big market.
@@maninblack9271 Italy has almost double Russia's GDP 😂
Europe wanted to ban Russian import and export and they have it now- the Italians should be happy as their wish was granted
wow great doc.
I was surprised when Sri Lankan said Japanese ,germans others his slaves because they make for him. he can afford to get the best . As Pliny the elder said it's loosing all their wealth due to their desire in Roman times.
Excellent little documentary, as we've come to expect from FT.
Dangit, you'er easy to please. Have you ever watched a real in depth documentary not biased by big business and finance?
Italy and western Europe need to move on...They rejected Russia long ago...Russia has realized reality...Europe is an emerging backwater as far as Russian care or engagement...they had their chance for centuries...the new union of Russia with the East, leaves Europe out in the wind...best to understand you were not good players now you can't play with Russia...too bad for you.
Mi dispiace quello che succede in Italia e in Europa. Sono state 20anni più belle della mia vita❤
Cosa succede in italia e in europa? Niente, il problema è quello che succede in Russia. Siete invasori.
Mi dispiace tanto cosa sta accadendo in Ucraina per colpa della russia.
La russia sta fallendo
Grazie Irina
@@peterppp694 ehhh
Come no
It's a self-inflicted problem.
I learned from this video that Russians oligarchs have purchased properties in Italy because of privileges from friendly Italian government policies. What about properties purchased by Russian oligarchs in Great Britain? I don’t know their number but I believe they must be hundreds if not thousands. Right? Britain liked their money because as they say money doesn’t smell. The biggest thieves in history are punishing some other new thieves.
Right. Pecunia non olet , Vespasiano dixit.
We are on the side of staying on power by All Means.
The actions justify the ends.
well said, but not forget to send more and more weapons. Currently 400.000 people died, but we want more right?
@@oscarornago7419 Yes, now 14,000 new fresh trainee in UK ready to go the meat grinder.
Let us wait for the outcome, whether any progress or just cannon fodders.
@@stevenliew2507 in any case nothing to be happy, otherwise explain me the difference
See this is the problem I don't think people think about. I hear so many people say: "If this war ends, we can go back to trading like normal" (which is also why I think many adopted the policy of supporting Ukraine and is also have so much inpatients come up when it comes to the war), but that is delusional thinking.
1stly the US wouldn't allow trading with Russia to continue so best make other plans (mainly because they want Europe to not be reliant on Russia and more importantly right now, they're getting that LNG money that Russia would've gotten and basically trying to replace them and good luck saying no to someone with military bases all over Europe and probably your own country and to whom you've made yourself economically dependent on as well).
Russia has already for the most part been selling all it can to its BRICS partners and everyone else the US doesn't like (long list and growing) and in fact have been making deals to build infrastructure to increase that capacity, so that means Europe needs to be doing the same.
So, Europe best hope and work towards selling its goods to other markets, ie let's hope the US steps in and buys all these Italian goods. My country sure as hell won't step in and pay for the US' mistakes.
@@Ragtags My family came from Germany, but I do not live in Germany or hold German citizenship, nor can I speak German.
So, my take is very much an outside take of what is happening in Europe (and it is very much my take, ie an average person speaking out in this thing called democracy and is one voice in a crowd of many others that probably don't agree, and I get that).
I do however get a wide variety of news sources (from the most pro-Western, to pro-Russian, to the more neutral takes from people who don't have a horse in this race) and I'm also pretty much a student of history and I try to apply, maybe wrongly or rightly, an historical lens on things.
So, when it comes to sanctions, coercion by larger more powerful states over smaller states and proxy warfare I know the US and Russia / Soviet Union are very guilty on both counts. And as you know criminals are bound to reoffend, like we see playout in front of our very eyes.
So as far as Putin goes, I believe a leader reflects pretty much the country of which they are from (or I should at least say the ruling majority). Like Jordan Peterson said (and sure many things he says at times I don't agree with, but he was very much correct when saying this about Germany during WW2): "Acting out the dark desire of the mob".
I personally see Putin exactly the same as every other Russian leader that came before; a brutal iron-fist leader that is the only way to keep a country like Russia together. A free and open Russia would look like the one during the 90's (Boris Yeltsin saw that with places like Chechnya and had to send in the army to stop more parts breaking away).
In other words, Russia can't exist without such a leader and that comes down to the question should Russia exist? That is not for me to say, but I will say I'm grateful for all the sacrifices they made during WW2 and only a people as hardcore and brutal as them could've done what they've did and for that I am respectful.
(EDIT: Oh, and one thing when you think about, if the US ever turned dark or much more dark than it is right now than a country like Russia was the only check and balance to it and I think the US wants to remove countries like Russia or at least break them into weaker, much more manageable countries and I guess in your mind that is fine as long as the US is democratic, but what if one they aren't anymore?)
(You know it might be hard for people to understand, but enforcing your way of life on others are also wrong. Not everyone holds your beliefs systems and hold true and value the same ideals)
I think the word "bear" is very apt and describes what it is like having Russia at a seat of the UN. Wild and unpredictable, but does that mean we need to kill all bears?
I'd say be A - respectful, but B - firm. Two things I don't think Western nations failed have done really well and it's a really difficult balancing act. As Augustus said about keeping the Roman empire together; "like grabbing and keeping a bull by the horns".
As a final note if you believe the end of the cold war was a good thing, well that has pretty much now been reversed and I think it was horribly mismanaged.
Sure, you can say Russia wanted to join the EU and was told it was too big to join (as stated by Romano Prodi) and it wanted to join NATO (as said by Ex-NATO head George Robertson) and was told it can't so this friendship with Russia was setup to fail.
You can't hand out guns in a crowd of people and say they're for everyone's safety, while also not giving guns to a certain individual, while also having all the guns trained on that individual and expect good relations.
And then trying to shift the blame like Stoltenberg did, trying to say "NATO expansion is Russia's fault" when NATO has been slowly expanding on 12 March 1999, 29 March 2004 and 1 April 2009 (and all this long before Russia invaded Ukraine). It is an utter lie.
So, I see Putin coming to power as a result of things that, but not only that. Just like during WW2 Germany brought to power that other individual.
Simply a dark reflection of its society and in both cases, there is enough support to keep them there. If they had really no support by a single person, then they wouldn't have come to power or stayed there.
Ask yourself in both cases what lead to them coming to power and then even more what lead them on their respective dark paths.
Sorry, long answer but not an easy question as most Western media tries to portray it.
@@Ragtags Haha, I actually typed that myself. If there is an afterlife and we meet up one day I'd like to point you to that moment 😅
Again, another instance of someone believing something to be true that I know isn't true. For me to jump on board you train of thought now, I'd have to lie to myself and tell myself I typed that via AI. And so how are you supposed to "convert" (for the lack of a better word) people to your way of thinking? If what they're saying you dismiss as a falsehood and then project your own closed minded world view on it?
I will agree however that was the more "pro-Russian" take, but also have no idea how I can be "pro-Russian" if I call Putin and iron-fist dictator or say Russia can't exist if people were free and open (ie they would start to call for independence in many places). I've also said in many cases the war is wrong and shouldn't have happened, but I also don't think NATO is free from blame here.
I take it in your mind being neutral is to say: "Russia is wrong, period" . . . Honestly, how is that more neutral?
In fact, I wouldn't mind hearing a neutral take from you if you don't mind.
So, what in your mind would be a neutral take? If you don't have one then maybe you have the problem, not me.
EDIT: Oh, another thing, maybe you see that "not very concise" and "are all over the place" or better yet "I've never met an actual person that talks the way you are right now" is because I get my news from many different sources and don't just swallow what the news media push down my throat.
Honestly, before my comment have you ever heard anywhere or from anyone the fac that Russia wanted to join NATO or was told it was "too big" to join the EU?
Or the fact that Putin was the 1st person to call George Bush after the terror attacks in 2001 or the fact that he then was willing to allow US troops into central ASIA? (doesn't sound like someone who doesn't want US troops in or close to Russia way back then, wonder what might have happened . . .)
All of them are real facts and look at it if you don't believe me.
@@Ragtags No problem! I appreciate a full lengthy reply! Hope you're doing well in New Zealand!
Happy Anzac Day!
That is the beautiful thing about democracy and free speech, ie being able to say what you think (even if we don't agree) and that is the thing many claim to be fighting for, although that is a dodgy subject for another time.
Like the US being fine with Saudi Arabia invading Yemen or itself waging an illegal war against Iraq that also weren't approved by the UN and I do feel that "what-about-ism" is necessary because how can we be critical of bad behavior if it is allowed by others? That do as I say, not as I do is just utter nonsense. It cannot only apply if your side aren't the ones doing it.
I think the phrase "what-about-ism" was made to try ad justification for bad behavior, or at least try and glance over it. It will definitely not make me go: "Ah, they've got a phrase for it, so I definitely should not be doing it." Far from it, it makes me want to do it even more, haha.
And sure, maybe my approach to the economics of this war is done through a historical / political lens as you say, but it is mainly because the pains / sanctions of this war is brining on through the politics.
No one is refusing to trade with Russia purely for economic reasons. It is because of political reasons being the driving factor (the sanctions imposed on Turkey for buying the Russian S-400 could almost be more seen as economic, ie the US industrial military complex want NATO members to buy from NATO members or more importantly the US itself).
As far as the economics of this war I'd say due to political pressures, the world is forming into camps. Authoritarian on the one side definitely.
Further than that, I mean the Soviets had pretty much full control of foreign goods being sold within its borders, if any (as do China) and I think also the Russian government wanted to go back to that (mainly because of capital outflows and inflows, really great video done of that subject over here -> ruclips.net/video/nfyM81sEXhs/видео.html )
I think if the Russian government just took away their Western shiny goods, it would've upset the people, but if the West took it away by themselves, the government can frame it as "it is not us, it is the West taking it away".
And now Russia is keeping that money within its borders (or really within BRICS' borders, Western money flowing in and not really out) and have basically even seized foreign assets like MacDonalds and made a new knock-off brand. Very much a China move and now like China the money stays within its country as well as (and this is key) foreign influences.
All this is economics driven by geopolitics and more and more I see Russia embracing it and these Western countries like Italy and Germany being blind to it. I've had a German friend of mine say: "If we can just end this war, then the energy crisis would be solved." How'd you recon that? Just go on trading like normal? No war crime trials or the rest of it? I really doubt "just ending the war" would solve anything in that regard.
Not only that, but Russia is also the number 1 exporter of wheat. Also, a fact you don't hear Western governments tout all that much (Russia partially halted their own wheat export due to sanctions). Ukraine is only number 5. The data is there for anyone to see:
Top 15 Wheat Exporters by Country
Russia: US$7.3 billion (13.1% of total wheat exports)
United States: $7.29 billion (13.1%)
Australia: $7.2 billion (13%)
Canada: $6.6 billion (11.9%)
Ukraine: $4.7 billion (8.5%)
France: $4.6 billion (8.2%)
Argentina: $3 billion (5.3%)
Germany: $2 billion (3.6%)
I honestly believe globalization is dead at this point and it was killed by the West and the more anti-Western elements within Russia and China is jumping on it. Basically: "We always wanted Western brands, ie Western franchises, Hollywood, Western cars (now Haval and Lada doesn't have to compete within their respective markets with Western ones), etc and are also free from Western influences".
And let's be honest, I think both sides of the fence's economies are being hurt, probably Russia and China's even more so, but I think to entrench themselves they're willing to hurt their economies.
That is why I harken back to politics, because it definitely drives economic policy.
@@Ragtags I don't have one Switch at the moment, but I'm aiming to get one actually, haha. When I do, I'll try and contact you!
This is what a democracy is all about, not necessarily agreeing to everything, but also not shutting down discussion and finding common ground and having proper debates. Definitely not we have in many cases, where people are giving speeches and creating echo chambers.
Thanks for the courteous exchange 👍
Enjoy the rest of your day!
@@Scar626 so where do you come exactly from? If you have roots from, but you don't hold German citizenship, whose country's citizenship do you hold?
Surely Russia should have to compensate those Italian companies for loss of trade?
Are you made are they the ones who put sanctions 😂😂😂
* Italian government. Which means Us, on the end
The US has dragged Italy and the rest into this unfortunate situation, so the US has to compensate Italy for every lost Dollar/Euro
Good luck getting a dime from the dirty usa. Just stop being their lap dog. Encourage your government to go with the new world order that’s happening
just dont hold your breath🐑
Are you out of mind for too much vodka? The bandit Russians have invaded Ukraine.
👏👏👏Exactly. But, as usual, they won't. Greetings from "the rest".
They started petting us in 2021 with film "Luca"
Berlusconi, Salvini, Conte...poor Italy
Shooting yourself on the feet😂😂😂
and the USA is watching, laughing and happy
25% revenue from a country run as a dictatorship is a huge red flag. The company had since March 24 2014 to adapt itself. It didn't. The responsability lies in it's management for poor risk managment.
Try it. Imagine about a russian company which main market was, for instance, Britain.
What would you say? The same, I guess. A red flag to rely on a dictatorship
"Scoppia la guerra tra Russia e Ucraina"... no. This is pure ignorance.
Allow me to help you to phrase it better for you: "My clients, my rich clients, that got rich stealing all the public resources of their country, Russia, buying hundreds of yachts and villas in Italy, France and the UK, decided they wanted even more gas, even more oil, even more diamonds and gold, even more, mineral ore, and a lot more of fertile lands, and they decided to take Ukraine for it". You are served.
Paolo, ti sposo!🤩
E ho fatto lo stesso pensiero, sentendo quell'incipit (che poi, dice «tra l'Ucraina e la Russia»! e nella traduzione appare, almeno, coi termini invertiti - poi dice Ucràina: ignorante). Uno che inizia la frase cosí, ti fa capire súbito come la pensa sul conflitto... 🙄😒
@@giacomoferrieri2668
👍
Italy's leadership is talking about supporting US and Ukraine more and more and contain Russia
In the video they call it "Dependency" but they are commercial choices that paid off for Italy till other parties decided that they wanted part of their deals. Nobody is calling dependencies the deals with US about technology or with cars with Germany and both countries waged war against Italy in the past. (The US/Allies war win on the Italians is called "Liberation")
maybe you don't know but italy and Germany export to us much more that what they import. so us pays the bill, the other 2 countries earn. do you understand now how it works??? Germany italy trading SURPLUS, USA trading DEFICIT if you know what those words mean
This is only the beginning of year 2 of the war.
The mother of all wars is on the horizon. Get ready...
they put the league on the same level as the 5star movement... very shallow depth of analysis. the italian journalist has always been a clear supporter of the italian partito democratico. i reckon they could have done a much better work. they don't even mention the metropole case... lame!
The increase in energy price is not due to the war; it is due to the ill-considered sanctions placed by the EU. The war could have been sorted by the Minsk meetings but the opportunity was wasted. Russia in no way caused price increases; rather it was an own-goal by the West.
⚠️🇺🇸🇬🇧⚠️ Thank USA for putting European out of business! USA fears the € would dominate the dollar.
The problem for European companies and industries that for a long time supplied their products to Russian consumers, and that today see their exports to Russia blocked due to sanctions, is that the demand in Russia for these products continues, and unfortunately for European suppliers, the Russian authorities have found it necessary to encourage the domestic production of many of these goods, with the advantage for the Russian government, that while they are able to meet their needs, more jobs are created, and currency in euros or dollars that previously had to be used to import these goods is also saved, which translates into an increase in the value of the ruble. As the domestic production of previously imported goods solidifies and grows within the Russian economy, I believe that it will be more difficult for European industries and companies, such as Italy, to recover the Russian market. Of course, for companies that sell exclusive, luxury, or very elaborate goods like those of the Leu Locati firm, recovering the Russian market after the end of the war in Ukraine, I understand that it should be relatively easy.
You are contradictory at the end of your comment , what you mean recovering Russian market ?? Those who gonna need recovering are Europeans ,Russians as you know dont have situation like european countries , and all that by their own choice . So by now still make it somehow , but they cant imagine what's gonna happened , thanks to their bosses across atlantic, and their puppets in eu.
that is the truth. Ukrainians and Russians died , Europa finance all that , ''Mericans
laugh. and counting money , ( beside the fact they are in very bad economic position)
Пусть не восстанавливают, раз итальянцы такие враждебные.
Rubbish. They don't make anything of quality or substance except nuclear reactors. Made in Russia? LOL. Enjoy the Ladas with no airbags.
The European companies are focused on the Russian Upper class and the Upper middle class. The War made these classes to suffer. In 2022 15 000 millionaires had left Russia.
@@thigsvell yeah ,... they bring all money to germany just to been taken from them only 'just they are Russians.
european companies can focused onUpper class americans , cos meadle dont egsist
the west slowly tastes their own prescription.
If it wasn’t for D&G messing up Italy’s brand in China, these manufacturers could sell to China, or better still India, a growing market.
Home goals, Lots of home goals. An accelerated pace towards dedollarisation and a new world trading order. Reminds me of the one child China policy- in that the long term effects for the economy and society were not fully thought through. (or maybe they thought artificial wombs would be ready or total automation but failed to have that ready)
Have heard it said, by those who seem to know, that the CCCP are not strategic thinkers, or deep, or innovative thinkers. They don't see the problems down the line or finding solutions, but are good at outsourcing the blame.
@@cathjj840 The largest weakness of the CCP is understanding human psychology. Many of its own leaders are corrupt + moved wealth abroad under the guise of educating their children as that's one of the few ways to shift wealth. All the increasing numbers of expatriate China mainland people experiencing life in prior to Covid what were democracies will come home to roost. A taste of freedom in a few that then builds, after generations of aristocratic and then communist control.....imagine!
Chinese business enjoying new customers.
The saying goes, birds of feather fly together.
yeh Berlusconi and Putin both slimy crooks
Good video
Great info❤
From London 🇬🇧
not only Italy , every country suffers lost of Russian market , we are some crazy spending customers here.
Belarus Z!!! They wanted it, they got it.
If you need the things Russia supplies you will buy using currency of Russian choice...no dollars or Euros...too bad for you...
I think she is going to win the people and possibly take over😊
Molto bene. 🧐
European Union needs to say goodbye to Zelensky and USA
as soon as possible
Not a Russian invasion, it isa Russian REACTION
Are you for real......study the history especially from 2014......then you'll understand how it's a reaction by Russia to the US hegemony!!
@@dreizdreiz9203
Reaction to all the bullying we've done. Reaction to our hypocracy and condescending behaviour.
We lied and lied all in the name of democracy and human rights.
We rigg elections, prepare coups to topple governments, kill millions and bribe fake news.
You're still wondering why!
@@johnniethefox
I think you watch too much of those fake news. This goes way before but let's see what happened since 2014.
A legaly elected Ukranian government was toppled thanks to the CIA to plant a muppet called zelensky. We behaved with the upmost hypocracy through Minsk agreement. We planted chemical labs, fueled and supported fascists to submit the Russian majority of the Donbas.
Yes you're right, it was a reaction, however for the mentioned above
Sure, but one cannot make a point by showing the issues of a luxury bag artisan.
Anybody who's speaking at CPAC about international law and freedom is talking about fascist law and governance, capisce!
growing markets of China and India solve this problem easily for Italy and Germany
Ask your US boss first...if you can "be friends" with China and poor India, don't decide anything on your own.
No to vassal state China and India.
You Dream Europe has shot itself in the foot
China will imitate the product easily
@@benjaminabdullah3289 According to Bain & Company, the Chinese are expected to become the world’s largest luxury market by 2025
Meanwhile by the IMF recent assessment the Russian economy contracted just 2% in 2022 and expected to resume its growth already in 2023. So much gain from so much effort, right? The UK economy will be worse in 2023 than the economy of "the most sanctioned country in the world ever" - Russia.
see in 4 years what will happen.... and if you start produce weapons yes your gdp doens'0t change but part of that it's not for the population so it's like a recession.... but I see that everywhere it's full of ignorants that believe to stupid Russian propaganda
Good to see 👀 Italy 🇮🇹 allowing these who had traveled to Russia 🇷🇺 I know these people are having the bad travel record.
Only one minute in and I can say...irregardless of
All self interest and greed,
Ukraine's predicament is
Every European country's
Problem . Doing business
With anyone should not
Become a dependency . It is lazy , short term policy .
Such is the life of vassel of the US.
but it was an EU directive, of which the US isnt a member, shouldnt "woke" conpsiracy theorists at least know as much?
...rather a vassal of Ruzzia, right?
It's time for Italian artisans to diversify their markets and more accurately select their customers, instead feeding premium products to a kleptocracy.
it's already like tat ,it's only stupid propaganda, export to Russia are peanuts compared to the total, we can replace in 5 minutes
It's very strange to see FT falling on 1 year ago news , all said it's true , economically but old . Italy Is a great economy , still in the top 7 to 8 of This World . Second largest most industrialized EU country , overall 3rd biggest EU economy . The video did not say that in one year We have changed and multiplied the natural gas sources , from Russia who had the 45% ( not 40) to many others like Congo , Qatar , Nigeria , Azerbaijan ( not only the Maghreb like said in the video) . Those facts drove to a drop of dependency till 10% today from Russia and a model of diversification copied by others EU like Germany and France ( see gas LPG by seafreight ) , moreover the inflation in one year dropped too , from the very highest peak of +12% down to +7,5% of today , still high but the countermesures are finally working . So in summary , have We suffered ? Yes We have . Are We reacting finding solutions in business? Yes We have and thanks God the fruits of the job made earlier are coming . Our GDP still marks a tiny +0,8/1% but seen the circumstances it's a good news , while the russian shows the -40% of the fossil sources income and overall GDP reduction .
Italian economy is in the toilet, the same with the living standard.
@@HEMI345S according with Alliance , Italy posses more Financial net wealth than Germans as well Italian live more years than Germans.
@@luigiportaro75 They better do, in order to spend that wealth 😀
0:26: Italy follows Germany as the second most dependent EU country on Russia for energy.
0:42: Italy's support for Ukraine and tough stance against Russia are being questioned.
4:42: Italy's energy dependence on Russia has led to economic and financial challenges.
8:10: The European Central Bank has called on banks with Russian presence, like UniCredit, to exit swiftly.
8:44: The coalition government in Italy is led by Giorgia Meloni, the first female prime minister in Italian history.
9:40: Matteo Salvini, leader of the League party, is a Putin admirer and believes the strategy of sanctions against Russia is not working.
13:18: Berlusconi and Putin first met at the G7 in Genoa and developed an immediate bond.
14:28: Berlusconi saw himself as a bridge between Putin and the West and had various schemes to strengthen their relationship.
15:39: Italy's historical communist party and pro-Russian sympathies have influenced its relationship with Russia.
Recap by Tammy AI