- Sputnik International
World
Get the latest news from around the world, live coverage, off-beat stories, features and analysis.

EU Leadership Realizing Need to Lift Anti-Russia Sanctions

© Sputnik / Vladimir Sergeev / Go to the mediabankFlags of Russia, EU, France and coat of arms of Nice on the city's promenade
Flags of Russia, EU, France and coat of arms of Nice on the city's promenade - Sputnik International
Subscribe
Antonio Fallico, the president of the Banca Intesa, Russian branch of the Italian bank Intesa Sanpaolo Group, said that progress made during Normandy talks in Paris earlier this month contributed to the general positive mood within the EU leaders regarding the sanctions policy.

Italian Foreign Minister Paolo Gentiloni attends a news conference with his German counterpart Frank-Walter Steinmeier after a meeting at the foreign ministry in Berlin, Germany, Wednesday, June 17, 2015 - Sputnik International
Italian Foreign Minister Hopes EU Sanctions on Russia to Be Lifted
MOSCOW (Sputnik), Svetlana Alexandrova — The political elite of the European Union along with the business heads are coming to the conclusion that the anti-Russia sanctions should be lifted, the president of the Banca Intesa, Russian branch of the Italian bank Intesa Sanpaolo Group, told Sputnik.

"In the EU there has been a growing consensus for the past two weeks at top decision-making levels on the need to search for a mechanism of getting out of this situation," Antonio Fallico said, adding that he did not know if the sanctions, which expire in January 2016, would remain in place or be lifted.

Fallico said that progress made during Normandy talks in Paris earlier this month contributed to the general positive mood within the EU leaders regarding the sanctions policy.

Italian and EU flags - Sputnik International
Italy to Lose $3Bln Due to Anti-Russia Sanctions - Industry Confederation
The Banca Intesa president said the retaliation sanctions Moscow had imposed on several EU states were seriously affecting not only agricultural deliveries in Italy and the high-tech sphere, but also the financial system, decreasing the bilateral trade by 36 percent over the past year.

On October 2, Russian President Vladimir Putin, Ukrainian President Petro Poroshenko, French President Francois Hollande and German Chancellor Angela Merkel met in Paris to discuss the Ukraine crisis and the implementation of the Minsk deals. Even though no new agreements were signed, the talks set a positive tone, according to Merkel.

The European Union, the United States and their allies imposed several rounds of economic sanctions on Moscow in 2014 over Russia's alleged participation in Ukraine’s conflict. Russia has repeatedly denied the allegations.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала