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Italy Lost Over $6Bln After Introduction of Anti-Russia Sanctions - Lega Nord

© AFP 2023 / TIZIANA FABI Italian Northern League (Lega Nord) party leader Matteo Salvini speaks during a rally against the Italian government's policy
Italian Northern League (Lega Nord) party leader Matteo Salvini speaks during a rally against the Italian government's policy - Sputnik International
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Leader of Italy's Lega Nord party Matteo Salvini said that Italy's economy has lost at least 6 billion euros ($6.3 billion at the current exchange rates) since it joined the sanctions imposed on Russia in 2014.

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MOSCOW (Sputnik) Italy's economy has lost at least 6 billion euros ($6.3 billion at the current exchange rates) since it joined the sanctions imposed on Russia in 2014, leader of Italy's Lega Nord party Matteo Salvini said Friday.

"Based on lowest estimates, the Italian economy has lost 6 billion euros as a result of sanctions. Many industrial spheres are in crisis," Salvini told reporters.

He added that local authorities across Italy would be glad to end the policy of sanctions and to resume the full-fledged relations as soon as possible.

"We are for lifting sanctions [against Russia]. We are not a federative state, a centralized state. Our mayors and our governors will be happy to resume full-fledged relations as early as tomorrow," Salvini explained.

Since 2014, relations between Russia and the European Union, including Italy, have deteriorated amid the crisis in Ukraine. Brussels, Washington and their allies have introduced several rounds of anti-Russia sanctions since Crimea became part of Russia in 2014 and over Moscow's alleged involvement in the conflict between the pro-independence eastern Ukrainian militias and Kiev. Russia has repeatedly refuted the allegations, warning that the Western sanctions are counterproductive and undermine global stability.

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