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Putin and Conte launch new joint factory

ITN News Editor
By ITN News Editor October 25, 2018 13:15

Putin and Conte launch new joint factory

Russian President Vladimir Putin and Italian Prime Minister Giuseppe Conte met with Italian business leaders in Kremlin to discuss joint projects and launch a new Russian-Italian factory in the Urals region.The two leaders observed as the head of Russian Transneft oil company, Nikolai Tokarev, together with Italian Nidec ASI’s Operations Director Stefano Zecchinato and head of Russian Conar company Valery Bondarenko pressed a symbolic button to launch the factory to produce high-voltage electric motors in the Russian city of Chelyabinsk, the industrial centre of Russia. After the official launch, head of Transneft thanked his Italian colleagues for not “putting the long-term economic interests of Russian-Italian cooperation over the momentary political ambitions of some countries.”Russian and Italian leaders have agreed on “substantial amount of commercial contracts”, ready to be signed, Putin said after the launch, stressing that he was sure the Italian business expansion to Russia would continue.

ITN News Editor
By ITN News Editor October 25, 2018 13:15
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