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Antonio Fallico: it is necessary to restore trust between Russian and Italian entrepreneurs

February 21, 2020, Genoa, Moscow. The IV Russian-Italian business seminar on the strategic role of Italy and Russia in the development of political and economic relations between Europe and Eurasia was held today in Genoa (Liguria, Italy). It was focused on cooperation in industry, high technologies, infrastructure, especially the development of ports, and logistics.

The event was organized by the Association Conoscere Eurasia, the Roscongress Foundation, the St. Petersburg International Economic Forum with the support of Banca Intesa, Intesa Sanpaolo banking group and Lexis Legal and Tax law firm.

The representatives of business circles of the two countries were addressed by more than twenty speakers, including the President of Liguria region, Giovanni Toti, the Mayor of Genoa, Marco Bucci, the Russian Ambassador to Italy, Sergei Razov, the Minister for investment and development of the Sverdlovsk region, Victoria Kazakova, and the Minister of economic development of the Liguria region, Andrea Benveduti.

The participants of the seminar stated that in 2019 (data for Q3), the trade turnover between Russia and Liguria increased, both exports and imports. Deliveries to Russia from Liguria exceeded 73 million euros (+10 million euros), primarily due to products from the chemical and mechanical industry. Purchases in Russia almost tripled, reaching 95.2 million euros, thanks to a significant increase in metal sales.

“Our meeting today is particularly important because we need to continue the dialogue, build bridges and synergies, and break down walls and prejudices,” said Antonio Fallico, President of Banca Intesa and of the Association Conoscere Eurasia at the opening of the seminar. “Do not wait for things to change on their own and complain about the difficulties. We must resolutely and actively promote the diplomacy of business, local authorities and civil society.”

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