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Russia to pursue favorable global business environment, says foreign minister

Sergey Lavrov noted that Italian business circles were interested in building up their presence in Russia

MOSCOW, September 21. / TASS /. Russia will make every effort to establish favorable conditions for international business, Foreign Minister Sergey Lavrov said in a video message to the participants of the General Assembly of the Italian-Russian Chamber of Commerce meeting.

The top diplomat noted that Italian business circles were interested in building up their presence in Russia, as could be seen from the Italian companies’ active engagement in the International Industrial Trade Fair INNOPROM held in Yekaterinburg on July 5-8, where Italy was the first in Europe to be a Partner country. “We appreciate this trend. For our part, we will continue to do everything necessary to create comfortable and favorable conditions for the successful operation of foreign businesses in Russia, especially as Russia has become a land of opportunity,” Lavrov said.

The Russian foreign minister emphasized that the time-tested Russian-Italian ties could contribute to the joint fight against the pandemic. “Our enthusiasm is inspired by the fact that the Italian Government led by Mario Draghi is set to promote our cooperation. We are maintaining fruitful contacts between our parliaments, ministries and agencies. We are implementing an ambitious program of cultural events,” Lavrov went on to say.

“We hope that the upcoming session this year of the Russian-Italian Council on Economic, Industrial and Financial Cooperation, which is co-chaired by my colleague, Luigi Di Maio, will give a powerful boost to our practical bilateral cooperation,” the top diplomat pointed out.

Lavrov also emphasized the Italian-Russian Chamber of Commerce’s significant contribution to deepening and expanding bilateral trade and economic ties. “The Chamber has always been at the forefront of our business interaction. It is contributing in every way possible to the build-up of our scientific and technical cooperation and the implementation of major projects in the mechanical engineering, automobile, chemical, light and food industries. It is also doing a great deal to facilitate the implementation of various cultural, humanitarian and educational initiatives,” the top diplomat concluded.

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Foreign policy Trade & Cooperation

Eurasian Economic Union

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