16.01.2025
1min
Italian Cividale Spa earns millions from Russian steel despite sanctions
BVK plant on the territory of the Stankomash industrial park, graphics by IRPI Media
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BVK plant on the territory of the Stankomash industrial park, graphics by IRPI Media
BVK plant on the territory of the Stankomash industrial park, graphics by IRPI Media

The Cividale Group continued to receive income from Russia even after the war against Ukraine began. Between 2014 and 2023, the company recorded approximately €93 million in income from cooperation with Russian structures, in particular, BVK. In response to IRPI Media’s inquiries, Cividale stated that it does not participate in the operational management of BVK and complies with sanctions legislation. At the same time, the company plans to remove BVK from its corporate structure, but there is no talk of a complete exit from the Russian market yet.

At the same time, after 2016, Vladimir Putin set the task of transferring 50% of the country’s production capacity to the military sector by 2030. By the end of 2024, this figure had reached 30%, and Stankomash remains an important element of this strategy.

This investigation shows how Italian investments continue to support the Russian military complex despite international sanctions. The European Union should limit the ability of businesses to operate in the Russian market to avoid such high-profile cases of cooperation with the Russian industry during wartime.

Trap Aggressor previously reported that the Italian company Camozzi, through its subsidiary, supplies parts to the Russian Federation even after the start of the full-scale invasion.

 

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