Prospects for the Development of Russian-Italian Economic Cooperation

Abstract

The trade restrictions imposed by the European Union in relation to Russia have the most negative impact on the state of the Italian-Russian trade and economic cooperation. In terms of economic indicators, the Italian economy is in recession. Italian exports to Russia fell by more than a third, which negatively affects small and medium-sized businesses, suppliers of high-tech products (gas and oil production equipment for work, in particular, in the Arctic latitudes), military-technical cooperation, which has always been evidence of the traditionally trusting partnership between Russia and Italy.