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Venice Parliament Votes to Recognize Crimea as Part of Russia

Italy: The regional parliament of Veneto (with capital in Venice) will vote on May 18 whether to recognize Crimea as part of Russia: source.

It also plans to insist that EU removes anti-Russian sanctions. If everything goes to plan, Veneto parliamentarians plan to take their votes to Italian parliament and to EU. Once the regional vote has passed and regardless of how it goes in the country and EU votes, Veneto province plans to unfreeze economic relations with Russia and begin doing business with its big interest, Crimea.

Veneto, one of Italy’s richest regions, loses 1 bln euros annually due to Russian sanctions, while all of Italy loses 3.2 bln annually.

Business contacts between Veneto and Crimea have already begun at the Spring 2016 Crimean Business Forum, which attracted first investments (if memory serves me, something to the tune of 90 bln rubles, which is good, considering sanctions). Italian businesses are some of the most active. Their primary interests are (of course) Crimean wines and tourism. German investors are also quite active – you’d think there were no sanctions whatsoever. Japanese investors are right up there, as well.

I recently wrote that French parliament voted to lift anti-Russian sanctions: French parliament votes to lift anti-Russian sanctions imposed by EU.

The French vote was non-binding. But the Veneto vote, should it pass, will be.

UPDATE!

On May 18, 2016 Veneto Parliament voted 27 to 9 (75% for) to recognize Crimea as part of Russia!

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