Italy Stands Up to Russia: Diplomatic Efforts to Reverse Nationalization of Italian Company in Russia

Government working to save Ariston following Russian nationalization

In response to Russia’s decision to nationalize the Russian branches of the Italian company Ariston, the Italian government and diplomacy are actively working to prevent it from falling under Russian control. The issue arose when Moscow decided to transfer ownership of Ariston Thermo Rus to a company within the Gazprom group.

The Italian government expressed strong disappointment to the Russian ambassador in Italy over the move, stating that it has no legal basis. Italy has requested Russia to reconsider this decision and withdraw any measures taken against foreign companies operating in the country. The European Union has also condemned the move, citing a failure to comply with international law by Russia.

The Minister of Foreign Affairs, Antonio Tajani, is closely monitoring the situation and is prepared to work with G7 and EU partners to address any consequences of Russia’s decision. Italy is requesting that Russia return ownership of Ariston Thermo Rus back to its original owners, citing international law as justification for their demand. However, the Russian ambassador attributes any negative consequences of deteriorating relations between Russia and Italy to the Italian authorities.

The Minister of Business and Made in Italy had discussions with the Ariston Group regarding their transfer of ownership in Russia. The Italian government is working with the European Commission to protect Italian and European companies affected by similar actions by Russia. They are also seeking diplomatic solutions through dialogue and cooperation with their international partners.

In conclusion, the Italian government is taking diplomatic steps to address this issue and protect its interests as well as those of other European countries affected by Russia’s decision. Their efforts demonstrate a united front against actions that undermine international law and business interests.

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