The Russian Agricultural Ministry has offered Italian producers 29 investment projects about to start in nine Russian regions.
ITALIAN COMPANIES LOOKING TO DO BUSINESS IN RUSSIA – They could be starting by October, as Russian daily newspapers reported.“In February, we offered to join efforts, deploying Italian investment and technology and our resources as well as investment opportunities,” the Russian ministry Izvestia told to international press. But a round of talks is planned for the end of June, to discuss specific Italian inspired projects.
ITALY TO LOCALISE PRODUCTION IN RUSSIA TO AVOID SANCTIONS – The Russian newspapers said that, aided by Italian investors, Russia wants to start production of gorgonzola and ricotta cheeses as well as poultry and livestock feed. There are also plans to build a trout farm and grow fruit and vegetables. Meanwhile, Italian agricultural producers have reportedly lost 900 million euros because of the Russian food embargo. The new projects are seen as a chance to export investment and technology instead of the banned products.