The crisis Ukraine and related counter-sanctions, but also indirect damage resulting from the collapse of the ruble and skyrocketing energy prices threaten the export of Italian wine in Russia.
But the scenario that the sector of the Made in Italy: prepares to pay for war - second Italian Wine Union (Uiv) - it is already difficult in these hours, with long truck queues at the Latvian-Russian border, as well as goods not collected at customs.
Financial problems are being added to this: as a result of the sanctions on Russian banks, the suspension of payments from Moscow, in a scenario of a state of war that will cause the loss of insurance protections on payments for goods.
According to the analysis ofUiv-Vinitaly Observatory, only last year there were orders from Russia for a value of 375 million dollars, growing numbers of11% compared to 2020, compared to 1,155 billion dollars of total imports of wine from abroad.
The Bel Paese, the leading supplier with a market share of around 30%, recorded in 2021 a boom in demand for sparkling wines (25%) and an increase of 2% for bottled stills.
The general secretary of Uiv, Paul Castelletti, he comments: “we are forced to give up a strategic location for Italy, which is the first wine supplier country in Russia, precisely in a phase of strong upsurge in orders. While waiting to shed light on the hypothesis of a halt to exports, we advise Italian wine companies to make deliveries to Russia only after having obtained adequate guarantees on payments ".
