The upcoming Fourth Eurasian Forum, which will be held in Italy at the end of October, will focus on strengthening economic ties between the EU and the Eurasian economic Union in conditions of anti-Russian sanctions, said Antonio Fallico, Director of the Board of Directors of the Bank Intes (Russian "daughter" of the Italian group Intesa Sanpaolo Group).

The forum will be held in the Italian city of Verona from 23 to 24 October. The forum will bring together delegates from the European Union, Italian authorities Commissioners, and heads of the leading factories of the participating countries of the EAEU.

"Leading Authorised the Italian government, the European Commission and the head of leading corporations of Russia, China, Kazakhstan, Belarus, India and South Korea will discuss issues relating to innovation and international integration, with a focus on the expansion of business ties, which are the most important issue in this difficult period ", - quotes Agency the message Fallico.

Fallico was first reported that the trade turnover between Russia and Italy was reduced to 8 billion dollars since the beginning of 2015 due to imposed bilateral restrictions between Moscow and the EU. He drew attention that the penalties have had a serious impact on the agriculture industry of Italy and also in the sphere of high technologies and the financial sector.

Relations between Russia and the West deteriorated in connection with the situation in Ukraine. At the end of July 2014, the EU and the US from point penalties against certain individuals and organizations have moved to the measures against entire sectors of the Russian economy. In response, Russia restricted imports of food items from countries that have imposed against her punishment. In June this year the EU extended the punishment until January 2016, the Russian authorities have decided to extend food embargo for a year.

sections: Politics