MOSCOW (Sputnik) — According to Ragaglini, the decision of Russian authorities to diversify the economy provides great opportunities for Italian companies that use sophisticated technologies in nearly whole spectrum of production and paves the way for making productive investments and for setting up joint ventures with Russian partners.
"I should say that last year Italian companies actively invested in Russia. And this year the process will continue. I am sure that we have a great potential for further growth," Ragaglini told Rossiya 24 broadcaster.
In October 2016, Russia and Italy held the 14th session of the bilateral Council on Economic, Industrial, Monetary and Financial Cooperation, which was the first such meeting after a break of four years. The two states signed contracts worth 1.4 billion euros ($1.57 billion) at the St. Petersburg International Economic Forum (SPIEF) in June 2016.
