15:52 GMT07 July 2020
Listen Live
    Business
    Get short URL
    0 13
    Subscribe

    Banca Intesa, a subsidiary bank of the Italian Intesa Sanpaolo, one of the top banking groups in Europe, is interested in financing projects in the agricultural sector of Russia's Far East, as well as projects in other spheres, Antonio Fallico, who is chairman of Banca Intesa, told Sputnik Friday.

    VLADIVOSTOK (Sputnik) — According to Fallico, Russia's Far East possesses great resource potential, which is very important for European investors.

    "Banca Intesa, as a European bank, is very interested in financing the agricultural sector of Russia's Far East. You know that a big Russia-China fund was established and many Italian and European companies participated in this process. And we are studying the finance options. Besides the agricultural sector we are interested in energy, transport and infrastructure spheres. It is the future," Fallico, who is also the president of the Conoscere Eurasia Association, said on the sidelines of the Eastern Economic Forum (EEF).

    The EEF kicked off earlier in the day on Russky Island off Russia's eastern city of Vladivostok. The forum, which is due to run through Saturday, is expected to attract some 2,500 participants, from countries including China, Japan, South Korea, India, Vietnam, Australia, the United States and Singapore.

    Related:

    Russian Fund in Talks With Japan's Bank on Priority Development Area in Far East
    Russian Far East, Asia-Pacific Attract Int'l Energy Companies - BP Head
    Resolution of N Korea Issue to Promote Development of Russian Far East
    Tags:
    bank, Banca Intesa, Italy, Russia, Far East
    Community standardsDiscussion