Many Italian companies hesitated before making quick decisions after the invasion – said Vincenzo Trani, who is also the founder of Delimobil dealing with Carsharing.
– those who decided to stay, adapted to the new realitytrying to manage the risk by generating greater revenues – said Trani.
Entities that left the country after the invasion are primarily companies with a small range of operations on the Russian market, state -owned enterprises or companies whose products have been directly affected by sanctions.
“These companies have suffered significant losses, but for them this matter is already closed,” he said. – Those companies that have been hoping for better times, unfortunately suffer. Many of them even ask themselves whether it is worth staying here – added Trani.
In his opinion Italian companies found themselves in a different situation than their German or French counterparts. Most investments of large German companies in Russia were secured by a state -owned export loan guarantee, which allowed them to apply for compensation after withdrawal from the Russian market.
“Italian companies have gone with nothing,” said Trani. – Withdrawal from the market threatened to send a harmful signal to investors and partners, which is why most of them decided to stay.
In March, the Italian manufacturer of household appliances Ariston became the first Western company that announced a return to the Russian market after President Vladimir Putin withdrew the temporary nationalization of its Russian branch.
In the same month, the president of the American Chamber of Commerce in Russia said that he was planning to push the US government to alleviate some sanctions, including those regarding the aviation and banking sector, foreign investment and luxury goods.
