RUSSIA – ITALY: HISTORICAL TIES TOO STRONG TO SEVER

RUSSIA – ITALY: HISTORICAL TIES TOO STRONG TO SEVER

19 June, 11:45–13:00

In 2013, bilateral trade between Russia and Italy reached record levels of about USD 52 billion, with mutual direct investment topping USD 3.4 billion – soon to be complemented by an RDIF–Italian joint development fund of USD 1 billion. While sanctions have resulted in a 10% dip in trade turnover in 2014, it remains on a strong footing, with over 500 Italian companies operating in Russia, and Italy maintaining its position as the second largest European market for Russian exports. In the midst of geopolitical tensions, what practical steps can businesses and policymakers take to further stimulate bilateral economic activity? Is there a role for business to create an improved atmosphere for political dialogue between the two countries? What sectors hold the most potential for expanding economic ties?























Broadcast

Key moments

Political difficulties come and go but joint efforts and partnership remain and serve as a basis for improving the lives of our fellow citizens.
Anatoly Artamonov
The interlocking of our cultures and economies over the last five centuries has been so firm that it would be impossible to erase this history without causing irreparable harm to both sides.
Igor Sechin