(MENAFN) Russia and Italy plan to boost mutual investment fund to around USD1 billion and strengthen trade relations between them, according to Iran Daily.
Russia"s Direct Investment Fund (RDIF) and Italy"s Fondo Strategico Italiano (FSI) will invest USD1.4 billion in projects in the two countries, about USD679 million in each.
Russian President Vladimir Putin said on Tuesday: "Russia and Italy hope that bilateral trade will reach $50 billion this year."
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.