Date: 06.04.2022
Media: RSI
The conflict in Ukraine and sanctions against Russia are putting serious pressure on around twenty Ticino-based companies involved in the raw materials trade.
Gamma Trade SA, based in Lugano, is among the few companies less exposed to the Russian and Ukrainian markets. However, the indirect impact is still being felt.
“We’re not directly involved, but the consequences are reaching us anyway,” says managing director Alessandro Fossati. “On one hand, we’re seeing a drop in demand; on the other, a sharp rise in steel prices—where it’s still available.”
