Political and business elite of the European Union comes to the conclusion about the necessity of the abolition of anti-Russian sanctions, said the Agency Sputnik Antonio Fallico, Director of the Board of Directors of the Bank Intesa (Russian subsidiary of the Italian group Intesa Sanpaolo Group).

"in the EU the last two weeks at the highest level of decision making there is a growing consensus on the need of search mechanisms out of the current situation ", - said the financier.

He said that progress during the meeting "Norman Quartet" in Paris in early October influenced the positive attitude of the European leaders regarding sanctions policy.

The head of the Bank added that it entered Moscow retaliatory measures seriously affected not only the agricultural and high-tech sectors Italy, but also on its financial system, reducing the volume of bilateral trade by 36% over the last year.

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