Italy Shoe Industry Believes That EU Sanctions Against Russia Need Preconditions.

　　 Footwear industry in Italy Recently sent a letter to the EU foreign policy chief representative. The letter said that due to the deterioration of relations between the EU and Russia, Italy footwear exports to Russia cut 1/5, hoping that the EU will consider the economic impact before implementing any new sanctions.

Russia and Russia have also imposed a number of economic sanctions against Russia because of the Russian Ukraine issue, and Russia has also imposed some import prohibitions against the EU, especially for food imports.

Although the two sides did not mention the sanctions specifically mentioned in the shoe, but Italy footwear exports to Russia is still under attack. Because Russian consumers have to lose money in the face of the devaluation of their currencies, they have less interest in expensive imports.

Italy American Apparel and Footwear Association Members include well-known luxury brands Ferragamo and Tod 's. Chairman Cleto Sagripanti said the association supports the EU's political stance, but hopes that the EU should not ignore the impact of this crisis on European enterprises.

Italy currently has 6000 shoe companies, employing 80 thousand people. Usually, small shoe companies are mainly distributed in areas with less employment resources.

In 2013, Russia was the fifth largest export market for shoes in Italy, after France, Germany, the United States and Switzerland. But in fact, these countries are also the transit points for Italy shoes to export to Russia.

In the first half of this year, Italy Shoes export Russia's GDP declined by 17.5%, and its total value dropped by 21.4%. It is reported that in 2013, the total value of Italy shoes exported to Russia was about 800 million dollars.