Vita Gazette

News from Italy

Mario Draghi, “go and do business in Russia”

Vita gazette – “Russia is the main supplier of energy products in the world but has an industrial base and a primary sector that are still relatively underdeveloped; Italy, on the other hand, does not have raw materials but boasts a large and diversified manufacturing and agri-food sector.”

The page went online before the war broke out in Ukraine, but after nearly two months of armed conflict, it is still there. Relations with Russia have been ended in every way and this announcement no longer matters. However, it is important in the context of shedding light on the socio-economic situation and relations between the two countries. This is what Franco Bechis discovered: “There are exalted praises of the Russian economy – he writes in Verità & Affari – and of its complementarity with the Italian one and for which Italy should do business with Russia”.

 The announcement includes the following comments:

“Russia is the main supplier of energy products in the world but has an industrial base and a primary sector that are still relatively underdeveloped; Italy, on the other hand, does not have raw materials but boasts large and diversified manufacturing and agri-food sector. It is a complementarity between the two production systems that makes the two countries natural economic and commercial partners. The complementarity is reflected not only in the trade balance but also in the numerous joint ventures that favour the transfer of technology. The modernization of the economic system is a priority of the Federation authorities. This concerns not only some key sectors with high technological content but also infrastructures, the adaptation of which is essential for the country’s development. Therefore, there are opportunities for collaboration for Italian companies in numerous sectors.”

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