• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
FinanceAstraZeneca

Italy blocks vaccine shipment to Australia as furor over slow European roll-out grows

By
Alessandro Speciale
Alessandro Speciale
,
Viktoria Dendrinou
Viktoria Dendrinou
,
John Follain
John Follain
, and
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Alessandro Speciale
Alessandro Speciale
,
Viktoria Dendrinou
Viktoria Dendrinou
,
John Follain
John Follain
, and
Bloomberg
Bloomberg
Down Arrow Button Icon
March 4, 2021, 11:31 AM ET

Italy has blocked a shipment of the Astrazeneca Plc.’s coronavirus vaccine to Australia, using a recently introduced European Union regulation, in a move that risks triggering a global backlash.

The move comes after Italian Prime Minister Mario Draghi called during an EU summit last week for a tougher approach against companies that don’t respect their delivery commitments. Officials in Brussels and in Rome confirmed the news of the export ban of 250,000 doses of the shots, which was first reported by the Financial Times.

In January, the European Commission introduced legislation which allows curbs on exports of coronavirus vaccines if drugmakers fail to meet delivery targets within the bloc. The rules came into force after AstraZeneca had informed the EU that it was unable to meet its commitments under an advance purchase agreement with the bloc.

So far Italy is the first country to block the export of vaccines outside the EU, while over 170 requests have been authorized, according to a separate EU diplomat. The decision risks triggering a global protectionist push, as countries areound the world race to immunize their populations.

Under the EU’s export transparency mechanism, countries have to inform the European Commission of their decisions to block or allow exports of vaccines outside the block. The commission did not oppose Italy’s decision, nor does it have the power to block it, an EU official said.

Draghi is working on an overhaul of Italy’s slow and uneven vaccination campaign, focusing on logistics and recruiting the military to help, as new variants accelerate the spread of the coronavirus pandemic.

The former head of the European Central Bank has signaled a strong break with the past by replacing two key officials who were in charge of countering the virus, and he wants to streamline and standardize inoculation procedures across the country, according to officials who asked not to be named discussing confidential preparations.

The premier is banking on an improved vaccination campaign to help kick-start an economy which shrunk almost 9% in 2020, crippled by the pandemic and both regional and nationwide lockdowns.

About the Authors
By Alessandro Speciale
See full bioRight Arrow Button Icon
By Viktoria Dendrinou
See full bioRight Arrow Button Icon
By John Follain
See full bioRight Arrow Button Icon
By Bloomberg
See full bioRight Arrow Button Icon

Latest in Finance

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Finance

leavitt
PoliticsIran
The cease-fire that wasn’t: Here’s why Trump and Iran never really agreed to the same terms
By Will Weissert and The Associated PressApril 9, 2026
3 minutes ago
strait
EnergyIran
First, Iran and Hormuz, second, China and Taiwan? The dangerous implications of a tollbooth on the open sea
By David McHugh, John Leicester and The Associated PressApril 9, 2026
23 minutes ago
Current price of gold as of April 9, 2026
Personal Financegold prices
Current price of gold as of April 9, 2026
By Danny BakstApril 9, 2026
34 minutes ago
Top CD rates from major banks April 9, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Personal FinanceCertificates of Deposit (CDs)
Top CD rates from major banks on April 9, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerApril 9, 2026
46 minutes ago
data centers
EnergyData centers
Data centers are destroying states’ clean energy dreams
By Jessica Hill and The Associated PressApril 9, 2026
46 minutes ago
west virginia
Personal FinanceUtilities
‘Every time you see that power bill, you’re just sick’: Meet a West Virginian whose $900 electric charge is more than her fixed income
By Margie Mason and The Associated PressApril 9, 2026
50 minutes ago

Most Popular

The U.S. had a national debt ‘home run’ in its grasp, says Jamie Dimon. But the government did nothing, and now its best option is crisis management
Economy
The U.S. had a national debt ‘home run’ in its grasp, says Jamie Dimon. But the government did nothing, and now its best option is crisis management
By Fortune EditorsApril 8, 2026
1 day ago
2 years ago, Saudi Arabia quietly canceled the ‘petrodollar’ deal with America that wired the world economy for 50 years. Then war broke out in Iran
Energy
2 years ago, Saudi Arabia quietly canceled the ‘petrodollar’ deal with America that wired the world economy for 50 years. Then war broke out in Iran
By Fortune EditorsApril 7, 2026
2 days ago
MacKenzie Scott's latest donation takes her HBCU giving to well over $1 billion
Success
MacKenzie Scott's latest donation takes her HBCU giving to well over $1 billion
By Fortune EditorsApril 7, 2026
2 days ago
Current price of oil as of April 8, 2026
Personal Finance
Current price of oil as of April 8, 2026
By Fortune EditorsApril 8, 2026
1 day ago
Artemis II’s astronauts are on their way home—a six-figure salary but no overtime or hazard pay awaits them back on Earth
Success
Artemis II’s astronauts are on their way home—a six-figure salary but no overtime or hazard pay awaits them back on Earth
By Fortune EditorsApril 7, 2026
2 days ago
Self-made billionaire MrBeast says his work-life balance is nonexistent and calls it a ‘miracle’ if he works less than 15-hour days: ‘I live to work’
Success
Self-made billionaire MrBeast says his work-life balance is nonexistent and calls it a ‘miracle’ if he works less than 15-hour days: ‘I live to work’
By Fortune EditorsApril 8, 2026
22 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.