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Signed agreement between SACE and the Russian development bank Vnesheconombank
At the St. Petersburg International Economic Forum, Italy is represented by a delegation consisting of the President of the Council and representatives of industry, who have the task of strengthening cooperation and relations between the two countries.
On this occasion, SACE signed an agreement with the Russian development bank Vnesheconombank (VEB) and the Danieli Group, a leading company in the steel market, which acted as witness.
The agreement aims to promote the development of economic transactions between the two countries, as well as create new business opportunities. Russia, a key market for Italian exports, thus becomes the top foreign country in Sace’s portfolio, with a total exposure of 4.7 billion euro. They are also working on joint projects for about EUR 1 billion with a focus on the oil and gas sectors and the metallurgical industry.