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Fallico: Sanctions against Russia affect international economy

Economy 19.10.2017 | 16:10

VERONA, 19 October (BelTA) – Sanctions imposed on Russia has affected the international economy in general, taking into account Russia's significance in the international arena, President of the Conoscere Eurasia Association, Chairman of the Board of Directors of Banca Intesa Antonio Fallico said during the opening ceremony of the 10th Eurasian Economic Forum in Verona on 19 October, BelTA has learned.

The forum is organized by the Conoscere Eurasia Association, Roscongress Foundation and the St Petersburg International Economic Forum.

“Certain countries benefited from these sanctions, while the whole international economy felt their consequences. Today we need a dialogue to address all the issues that the Eurasian countries are concerned about and build bridges,” Professor Antonio Fallico said.

In his words, the Verona forum started as the Russian-Italian event that discussed bilateral trade and economic relations. Later the number of participating countries increased. A decade later the Eurasian Economic Forum became the world's most respected and most representative event in Europe, where businessmen and officials meet with discuss the key issues of economic and industrial cooperation and area development on Greater Eurasia. “There is no other event of the kind in Italy and Europe,” said Antonio Fallico.

In his words, the importance of the Verona forum has become especially important amid the present geopolitical and geoeconomic situation. “The forum helps join efforts in seeking ways for quality development in the interests of all the peoples of Europe and Eurasia, peace and stability. In Verona businessmen, political and public figures, experts, diplomats and journalists have an opportunity to discuss relevant topics, analyze modern trends, expand contacts in human relations, culture and business. Prominent representatives of the countries of Europe and Asia, North America, and Africa (this year) express their viewpoints at this event,” said Antonio Fallico.

In 2017 the traditional themes for discussions were joined by new ones. “These are, for instance, the prospects of digital economy and the advanced systems of cooperation between information and business. New political and economic challenges need a profound revision of standard approaches. Even the construction of relations in business is based on new ideas, innovative decisions,” stressed the president of the Conoscere Eurasia Association.

Last year the forum gathered over 1,000 delegates from Austria, Azerbaijan, Armenia, Belgium, Belarus, the UK, Germany, Italy, Kazakhstan, China, Malta, Mongolia, Russia, Slovakia, France, Switzerland, about 700 biggest companies.

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