• The trade turnover between Russia and Italy grew by 28 percent

  • The trade turnover between Russia and Italy in the first two months of 2017 increased by 28 percent. This was stated by the President of Russia Vladimir Putin at a meeting with Prime Minister of Italy Paolo Gentili, reports the press service of the Kremlin.

    "Unfortunately, we have seen some decline in trade, but once you become Prime Minister, our bilateral trade started to grow: for the first two months of this year plus 28 percent," — said Putin.

    11 APR Putin met with Italian President Sergio Mattarella and expressed regret falling 2.5% of turnover. According to Prime Minister Dmitry Medvedev, mutual trade between the countries decreased from 54 to $ 20 billion.

    In October 2016 the Prime Minister of Italy Matteo Renzi made against the proposal to impose new sanctions against Russia, which initially expressed by Germany, France and the UK. Since the introduction of anti-Russian sanctions, Italy lost from 3.6 billion to 4 billion Euro.

    A number of countries, including the US and EU States, including Italy, step by step started to impose sanctions against Russia since March 2014. They explained their decision by the situation in Eastern Ukraine and the annexation of Crimea to Russia, and their abolition was subsequently tied to the implementation of the Minsk agreements. In response, Russia imposed in August 2014 the food embargo, which is valid until 31 December 2017 with possible extension.


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