Russia and Italy seal 1 billion euro investment fund
Russia and Italy have agreed to set up a mutual investment
fund worth 1 billion euros, aimed at boosting trade and investment between the
two countries. Under the agreement, each of the parties will contribute 500
million euros to the new investment vehicle. Russia and Italy hope that
bilateral trade will reach $50 billion this year, Russian President Vladimir
Putin said Tuesday after meeting with Italian Prime Minister Enrico Letta in
the northern Italian city of Trieste. The agreements included a landmark deal
to ease customs procedures for Italian businesses exporting to Russia and one
to establish a branch of Russia's Hermitage Museum in Venice. Five hundred
Russian companies have attracted Italian investments, while 70 of them involve
manufacturing. Italy is Russia’s 4th largest trade partner, behind China,
Germany and the Netherlands.
0 comments:
Post a Comment