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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessLeague Leader Salvini Questions Russia Sanctions Effectiveness
Antonello Guerrera at La Repubblica: "Lega's Matteo Salvini: "I fear that sanctions against Russia are fuelling the war in Ukraine. We should ask ourselves, EU included, if they work. Otherwise, we might go on like this for 10 years". Alarm bells ringing from Italy to the West..."
- Former Deputy PM Matteo Salvini was until the invasion of Ukraine a vocal supporter of Russian President Vladimir Putin. While decrying the war, his statements on maintaining sanctions on Russia in response have been less than full-throated to date.
- Ahead of the 25 September general election, opinion polling shows Salvini's right-wing populist League (Lega) in third-place in most polls, in prime position to sit as the junior partner to the nationalist Brothers of Italy (FdI) in a right-wing coalition gov't.
- There will be significant concerns in Brussels, Washington, D.C., and Kyiv about the stance of the next Italian gov't on maintaining sanctions on Russia. As the third-largest EU economy, and break from the united front could prove disastrous for efforts to keep Putin and his gov't under pressure in the months ahead.
- Italy is heavily reliant on Russian gas for power generation, despite efforts from outgoing PM Mario Draghi to diversify supplies. Should the League form part of the next gov't, there will be significant interest in whether any sign of shortages in supply come winter could lead to a change in Rome's stance on sanctions.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.