NewsEconomics** Ukraine: Caviro Group, glass for wine bottles missing...

** Ukraine: Caviro Group, glass for wine bottles missing **

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Significant loss of turnover and shortage of glass for bottles. These are the main consequences of the war in Ukraine that reverberate on the Caviro Group, a cooperative giant with a turnover of 390 million euros, in fact the largest winery in Italy. “The conflict between Russia and Ukraine has had various consequences of a commercial, industrial and operational nature. A strong problem has been at an industrial level because Russia has always been one of the main suppliers of soda which is fundamental in the production of glass and Ukraine it has two major glass factories that were abandoned because the workers went to war. ” This is what SimonPietro Felice, Caviro Group general manager, said, interviewed by Adnkronos at Vinitaly. “This lack of glass production is reversing itself on the sales production activities of the rest of the group, – explained Felice – we lack glass bottles to sell also in other countries, especially in the United States, Japan and China”. “On a commercial level it meant the interruption of exports to Russia, because if it is true that there is no embargo on wines that have a value below 300 euros sold in Russia – he said – it is equally true that financial flows to and from Russia have been interrupted. Therefore, as customers cannot pay or insure payment, it is not possible to ship the wine to Russia. ” “Logistics and transportation are problematic, so we as a company have stopped sales in Russia.” “For us this means giving up half of the 4 million turnover that we make every year in Russia. Furthermore, our main customer in Ukraine – he concluded – has a wine warehouse that was bombed and therefore we had to stop the flows commercial, not least for ethical reasons “.

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