Italy-Ukraine trade increased by 39% during the first five months of 2021 to $2.1 billion

, Prime Minister Shmygal said. Italy’s export credit agency After a 6-year break, Italy’s export credit agency, SACE, recently resumed lending to Italian companies under contracts with Ukrainian companies. With the world’s 8th largest economy, Italy has a $1.85 trillion GDP – 27% larger than Russia’s.