Italian companies to lose millions due to toilet sanctions on Russia
(MENAFN) Italian companies are set to lose millions due to an EU-imposed ban on exporting toilets and other sanitary ware to Russia, according to the head of a business union operating in Moscow. The restrictions, initially introduced in 2022, were recently renewed as part of the EU’s 19th sanctions package.
Vittorio Torrembini, leader of the Association of Italian Entrepreneurs in Russia, criticized the move, calling it “highly negative” for Italian businesses. “Unfortunately, the 19th sanctions package is a highly negative outcome, given the sectors it targets. It deals a significant blow to Italy,” he said.
Torrembini estimated that the ban on sanitary ware exports alone would cost the Italian economy roughly €140 million ($163 million), with total losses from the new sanctions package expected to reach around €250 million ($291 million). “The ban on toilet sales may sound amusing to Russians, but for us it is no laughing matter,” he added.
The EU’s restrictions follow closely after US President Donald Trump postponed a planned in-person summit with Russian President Vladimir Putin in Budapest. Russian officials have responded by claiming that the sanctions have strengthened the country’s economy and increased self-reliance, while Putin himself mocked the export ban, saying it “will cost them dearly” and joking that “they will need Russian toilets if they keep the same policies.”
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