Italy considering blocking raw material exports - deputy industry minister

Italy may block exports of raw materials to counter potential shortages arising from Russia's invasion of Ukraine, Deputy Industry Minister Gilberto Pichetto Fratin said on Thursday. "The intention is to intervene by banning the export of what few goods we have," Pichetto Fratin told a parliamentary hearing. "With the shortage of steel, for example, the export of scrap alone causes damages to the country.

Italy may block exports of raw materials to counter potential shortages arising from Russia's invasion of Ukraine, Deputy Industry Minister Gilberto Pichetto Fratin said on Thursday. "The intention is to intervene by banning the export of what few goods we have," Pichetto Fratin told a parliamentary hearing.

"With the shortage of steel, for example, the export of scrap alone causes damages to the country. So it is foreseeable that there will be a decree to block these exports, it is being evaluated and one of the most credible options."

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)