Opposition’s demand of Assad’s immediate resignation absurd - Russian envoy to GenevaRussian Politics & Diplomacy February 23, 16:34
Moscow celebrates Defender of the Fatherland DaySociety & Culture February 23, 16:19
ISS astronauts capture Dragon with manipulatorScience & Space February 23, 14:36
Vitaly Churkin’s body delivered to RussiaRussian Politics & Diplomacy February 23, 12:30
Ukrainian military shell Donetsk water purification plantWorld February 23, 11:45
Scientists discover three Earth-sized exoplanets that may potentially harbor lifeScience & Space February 23, 5:50
Syrian opposition ready for direct talks with government delegation — representativeWorld February 22, 21:56
UN Syria envoy expects no breakthrough at new round of Syria talksWorld February 22, 21:09
Russia opposes sharing responsibility for fate of Middle East refugeesRussian Politics & Diplomacy February 22, 20:36
MOSCOW, May 15. /TASS/. Western sanctions against Russia have hit Italy’s business, ambassador to Moscow Cesare Maria Ragaglini said on Friday.
He told Rossiya-24 television news channel that trade turnover between Russia and Italy fell 17% last year. "The climate that has been generated by sanctions has an adverse effect," he said. "This is firstly the situation of uncertainty in which Italian entrepreneurs have to live now."
The European Union and the United States imposed economic sanctions on Russia in late July, targeting the Russian energy, banking and defence sectors as punishment for Moscow over events in eastern Ukraine.
In retaliation, Moscow has banned most Western food imports of meat, fish, dairy, fruit and vegetables worth $9 billion a year.
The Italian diplomat noted the special relationship that exists between Russia and Italy. "Italian entrepreneurs have always looked with interest at Russia," he said.
"Even in periods of severe economic crisis, they stayed in this country and continued to cooperate," Ragaglini added, noting that Italian business would further invest in the Russian economy.