WSJ: Syrian army is about to retake militant-controlled east AleppoWorld December 06, 8:48
OSCE chief says trip to Crimea possible after consultations with Moscow and KievWorld December 06, 8:25
Erdogan signs bill to ratify Turkish Stream projectBusiness & Economy December 06, 8:19
Russia, India to hold joint naval drills on December 14-21Military & Defense December 06, 7:36
YouTube, Facebook, Twitter, Microsoft team up to fight terrorism contentSociety & Culture December 06, 6:51
Russian hospital shelling 'cold-blooded murder' - Defense MinistryWorld December 06, 5:32
Some 100,000 Aleppo residents freed from rule of terrorists — Syria’s UN envoyWorld December 06, 5:04
Over 1,000 Syrian settlements join reconciliation process - Russian defense ministryWorld December 06, 3:27
Italian president asks Renzi to delay resignation until budget passedWorld December 06, 3:24
ROME, April 03. /ITAR-TASS/. Cooperation between Russia and Europe has reached a level where reducing it in any way would reach nowhere, says Giorgio Squinzi, the president of Italy’s biggest association of employers, Confindustria.
“We only hope that economic relations between Russia and Italy will not be placed in jeopardy over the situation in and around Ukraine,” Squinzi told ITAR-TASS on Thursday. “Italy as an importing and exporting country has nothing to gain from any sanctions against Russia.”
Squinzi believes possible economic sanctions will be of no benefit to the European Union, either.
“This would cause problems not only for Italy but for the whole European Union as well,” he said.
The expert added that Italy’s economy was in a very tricky situation today - certain growth could be observed, but the progress was still very slow. Squinzi is not inclined, however, to give all the credit for the improved economic situation to the country’s government or even governments, as there have been three of them over the last three years.
“There is nothing we can thank the Italian government for,” he said. “The global situation in the financial markets has simply improved a bit. This is the main factor for the positive developments we see in Italy.